Retired partners' compensation for property value appreciation deemed deductible; revenue's appeal dismissed, affirming partnership deed provisions.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Deduction on account of payments made to the retired partners as admissible expenditure under the provisions of the partnership deed - compensation to the outgoing partner towards the appreciation in the value of the immovable properties - Revenue appeal dismissed.....


TaxTMI
TaxTMI