Tribunal held that failure to comply with notices under S.142(1) and also 148 passing of order u/s 144 is held to be justified. Denying allowances of interest and salary paid to partners is also held to be valid by taking support of provisions of S. 184(5) of the Act. (AY. 2009 -10)
Eastern Engineering Venture v. ITO (2019) 177 ITD 427/ 177 DTR 209 / 199 TTJ 737 (Cuttack)(Trib.)
S. 144 : Best judgment assessment–Failure to comply with notices –Denying allowances of interest and salary paid to partners is held to be justified. [S. 148, 184]