[aaykarbhavan] No deduction of sum incurred by firm on partner's property even if it was used for business of firm

 

No deduction of sum incurred by firm on partner's property even if it was used for business of firm

May 14, 2014[2014] 44 taxmann.com 470 (Delhi)

IT : Where payment was done on behalf of and at behest of individual partners who owned property, claim of such expenses by partnership firm was not allowable

Regards

Prarthana Jalan

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