Amount of loss incurred by the assessee in the activity of owning and maintaining race horses

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sub-section (3) of section 74A of the Income tax Act 1961 - Amount of loss incurred by the assessee in the activity of owning and maintaining race horses means- (i) in a case where the assessee has n .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ut or expended by the assessee wholly and exclusively for the purposes of maintaining race horses ; - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X