Q82
Read Assertion (A) and Reason (R) and answer using below: 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 v. Commissioner of Income Tax case laid down above principle.
A.
Both (A) and (R) are correct and (R) is correct reason for (A)
B.
Both (A) and (R) are wrong
AnswerC.
(A) is right, but (R) is wrong
D.
(R) is right, but (A) is wrong
Answer: Option B
Solution
Answer: Option B
No explanation is given for this question Let's Discuss on Board