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Tag: taxation on partners addition

Income Tax

Addition of partners in a firm and applicability of Provisions of Sec. 56(2)

December 2, 2020 0 Comments
Addition of partners in a firm and applicability of Provisions of Sec. 56(2) Shrilekha Business Consultancy (P.) Ltd. [2020] 121 taxmann.com 150 (Hyderabad - Trib.) Short Overview of the case: Assessee (SFS) was a partnership firm. Its total partner's capital was Rs.7,49,926 of which, SOT ...
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