TMI BlogHigh Court Rules Loan Waivers Should Be Treated as Business Income u/s 28(iv) of Income Tax Act.Applicability of section 28(iv) - Waiver of loan - If both transactions are loan transactions and one part of it is treated as business income then second part could not have given a different character - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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