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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Disallowance of expenditure on amount written off - Losses ...


Assessee Denied Set Off for JV/AOP Losses; Expenditure Disallowance Upheld as Losses Belong to JV/AOP.

August 31, 2013

Case Laws     Income Tax     AT

Disallowance of expenditure on amount written off - Losses belong to JV / AOP or assessee - The assessee was merely financing the expenditure for the time being as a promoter of a member of the said AOP. - assessee not allowed to set off - AT

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