Just because anticipated profits are not assessed to tax, it ...

Anticipated losses can be deducted for business income; interest rate swap losses are deductible.

September 27, 2011

Case Laws Income Tax AT

Just because anticipated profits are not assessed to tax, it would not follow, as a corollary thereto, that anticipated losses cannot be allowed as deduction in computation of business income - loss on valuation of interest rate swap is to be allowed as a deduction in computation of business income, - AT

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Just because anticipated profits are not assessed to tax, it ...

Anticipated losses can be deducted for business income; interest rate swap losses are deductible.

September 27, 2011

Case Laws Income Tax AT

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