FDR Interest cannot be excluded from book profit for calculating remuneration of partners
Interest from fixed deposit of spare fund cannot be excluded from book profit for purpose of determining allowable deduction of remuneration paid to partners HIGH COURT OF GUJARAT Commissioner of Income-tax – III v. J.J. Industries AKIL KURESHI AND MS. SONIA GOKANI, JJ. TAX APPEAL NO. 316 OF 2013 APRIL 25, 2013 K.M. Parikh for… Read More »