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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Disallowance of expenses – there was no permanent closure of the ...


Court Allows Carry Forward of Losses Despite No Permanent Business Closure; Disallowed Expenses Remain Contested.

February 13, 2014

Case Laws     Income Tax     AT

Disallowance of expenses – there was no permanent closure of the business - even if the assessee was not able to restart the business there will be no use of any such loss carried forward – claim allowed - AT

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