Wednesday, May 6, 2020

No sec. 41(1) additions in respect of waiver of loan by Maharashtra Govt.: HC – SICOM

INCOME TAX: Section 41(1) will not apply to waiver of loan as waiver of loan does not amount to cessation of trading liability

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194484/no-sec-411-additions-in-respect-of-waiver-of-loan-by-maharashtra-govt-hc-–-sicom.aspx
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