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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Whether amount advanced to a contractor for execution of work ...

Case Laws     Income Tax

October 26, 2013

Whether amount advanced to a contractor for execution of work for the purpose of business becomes irrecoverable, the same is not allowable as bad debt - if the assessee sustains business loss during the enlargement of the business, the same should be treated as capital investment - HC

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