Thursday, May 7, 2020

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

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://ift.tt/35I0LFA

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...