Bad debts / business loss - The loans given to staff has been ...
Employee Loan Write-Offs Allowed as Business Loss Deduction After Merchant Banking Business Transfer, Says Tax Law.
May 25, 2013
Case Laws Income Tax AT
Bad debts / business loss - The loans given to staff has been written off since the same are irrecoverable in view of transfer of the merchant banking business. - deduction allowed - AT
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