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Eduncle Asked an Mcq
December 23, 2019 5:27 pm
  • UGC NET
  • Law

Assertion (A) : Salary drawn by a partner from the firm for his services rendered to it has been treated different from his right to get an additional amount in the form of salary as his share of the firm’s profit.
Reason (R) : Because R.M. Chidambaram Pillai Vs. Commissioner of Income tax case laid down above principle.
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  • Eduncle Best Answer

    Both (A) and (R) are wrong.

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