Saturday, November 23, 2019

Majority of funds invested in shares can't be basis to hold that money lending wasn't principle business of assessee

INCOME TAX: In order to determine question of applicability of Explanation to section 73, Assessing Officer could not compare funds deployed in shares held as investment as against funds deployed in business of loans and advances

from www.taxmann.com Latest Case Laws https://ift.tt/35w09l5
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