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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Loss on account of assignment of debt - Nature of sum advanced - ...


Loss from Debt Assignment Deemed Capital; Impacts Tax on Letting or Leasing Properties.

May 3, 2014

Case Laws     Income Tax     AT

Loss on account of assignment of debt - Nature of sum advanced - Letting or leasing out of premises - as far as the assessee is concerned, the advance was made to acquire a capital asset - loss is of capital in nature - AT

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