Forfeiture of deposit to be treated as revenue loss, allowable ...

Earnest Money Deposit Forfeiture Considered Revenue Loss, Deductible in Profit and Loss Account, Not a Capital Loss.

September 21, 2013

Case Laws Income Tax AT

Forfeiture of deposit to be treated as revenue loss, allowable for deduction or capital loss not allowed in the profit & loss account - AEPC had forfeited its Earnest Money Deposit - held as revenue in nature - AT

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Forfeiture of deposit to be treated as revenue loss, allowable ...

Earnest Money Deposit Forfeiture Considered Revenue Loss, Deductible in Profit and Loss Account, Not a Capital Loss.

September 21, 2013

Case Laws Income Tax AT

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