Monday, February 4, 2019

No sec. 41(1) addition in respect of waiver of repayment of amount if no deduction was claimed; SLP dismissed

IT: SLP dismissed against High Court ruling that waiver of repayment of certain amount in respect of which there was no allowance or deduction claimed by assessee during previous year, amounted to capital receipt not liable to tax under section 41(1)

from www.taxmann.com Latest Case Laws http://bit.ly/2D5QIMD
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