Taxpayer Can Claim Loss on Stock Options Due to Sufficient Year-End Information, Unlike Typical Provisions.

The term ‘Provision” is something which cannot be ascertained as per the information available at the year end. But in this case, assessee has proper information and ascertained the loss at the year end, which is different from ‘provision’ - assessee is eligible to claim the loss on stock options - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X