ITAT Mumbai: If the taxpayer has left India for the purpose of business or profession, the same has been considered to be for the purpose of employment outside India under Explanation–1(a) to section 6(1) of the Act. The assessee has rightly claimed to be a “Non-Resident” during the year for the purpose of the Act.

Facts of the case A search and seizure action was conducted under section 132/133A of the Act on 10/05/2018, in […]

By aasklegal

Jan 9, 2024

ITAT Chennai: Interest paid on loan borrowed to settle the debt of the outgoing partner allowed as deduction; Even if the partners are family members; the same cannot be considered as a family settlement

Brief Facts of the Case The assessee ‘Partnership Firm’ (having family members as partners) was carrying on the business of […]

By aasklegal

Jan 5, 2024

Assessee had filed appeal manually against order denying his refund claim. Appeal was rejected for not being filed electronically. The […]