ITO, Ward-8(2) Versus M/s. Ganesh Wines - Income Tax - ITAT HYDERABAD - Tri - Estimation of income allowability of remuneration and interest paid to partners - Held that - Income in this line of business has to be estimated at 5 percent of sales made by the assessees The claim of the assessee for further deduction towards remuneration and interest to partners cannot be accepted. - Decided against Revenue. - 2013 (12) TMI 240 - ITAT HYDERABAD - TMI - ITA Nos.1357 1358/Hyd/2012, C.O. Nos.147 148/................................... Income Tax - Case Laws
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