Income Tax | Reopening Invalid Where Partner Interest & Remuneration Clauses Are Not Mandatory: Gujarat HC
Gujarat HC quashes Section 148 notices as partnership deed did not mandate interest or remuneration to partners, making reopening unjustified. The post Reopening Invalid Where Partner Interest & Remuneration Clauses Are Not Mandatory: Gujarat HC appeared first on TaxGuru .
Attribution
Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.
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