TMI BlogForfeiture of deposit to be treated as revenue loss, allowable for deduction or capital loss not allowed...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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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