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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Damages for Breach of Contract considered as Speculation Loss – ...


Breach of Contract Results in Speculation Loss; Allowable Losses for Assessee Recognized Under Contract Law.

August 29, 2014

Case Laws     Income Tax     AT

Damages for Breach of Contract considered as Speculation Loss – non-performance of a contract - losses claimed by assessee are allowable losses - AT

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