Partner should be entitled to all deductions while computing his share of profit for the salary received being considered as income from business: ITAT [Read Order]

Partner should - entitled - deductions - computing - profit - salary - being considered -income - business-ITAT-TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the partner should be entitled to all the deductions which he was entitled while computing his share of profits in the firm. The appeal was filed by the assessee against order of Learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi…

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