VARSMA ENGINEERS GROUP,JABALPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 1(1), JABALPUR
In the result, the assessee’s appeal is allowed
ITA 224/JAB/2018[2008-09]Status: DisposedITAT Jabalpur22 Oct 2021AY 2008-09
Bench: Sh. Sanjay Arora, Hon'Bleassessment Year: 2008-09 Varhsma Engineer’S Group, Assistant Commissioner Of Vs. Income Tax, Vijay Nagar, Circle – 1(1), Jabalpur (M.P.) Jabalpur (M.P.) [Pan: Aaefv 7885Q] (Appellant) (Respondent) Appellant By Sh. H.S. Modh Adv. Respondent By Smt. Swati Agarwal, Sr. Dr Date Of Hearing 12/10/2021 Date Of Pronouncement 22/10/2021
Section 143(3)Section 147Section 148(1)Section 184Section 40
section 184, so that the same stands contravened, resulting in the disallowance of salary and interest to partners and, consequently, escapement of income from assessment to that extent. The partnership deed has been executed only on 31.03.2008, or later, so that it cannot be said to be evidenced by an instrument of partnership, i.e., for the year under consideration
