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Partners' Remuneration Allowed in Green Plaza Project Case u/s 40(b), Resolving Undisclosed Income Concerns.

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Full Text of the Document

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....Disallowance of expenses made in respect of partners remuneration u/s.40(b) - undisclosed income - assessee-firm is engaged in only business of Green Plaza Project and it has only one source of income being construction activity - remuneration allowed - AT....