Capital Loss on Sale of R&D Assets - section 35 was part of head ...

Capital Loss on R&D Assets u/s 35 Classified as Business Income, Not Capital Gains; No Additional Deduction Allowed.

September 18, 2013

Case Laws Income Tax AT

Capital Loss on Sale of R&D Assets - section 35 was part of head Income from business, profession or vocation - section 43 was part of same heading - provisions of head Capital Gains cannot be imported here to allow assessee one more deduction. - AT

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Capital Loss on Sale of R&D Assets - section 35 was part of head ...

Capital Loss on R&D Assets u/s 35 Classified as Business Income, Not Capital Gains; No Additional Deduction Allowed.

September 18, 2013

Case Laws Income Tax AT

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