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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Loss of goods in transit - Reserve Bank of India did not permit ...


High Court Allows Deduction for Loss of Goods in Transit After RBI Blocks Foreign Exchange Remittance.

November 26, 2014

Case Laws     Income Tax     HC

Loss of goods in transit - Reserve Bank of India did not permit the remittance of sale consideration by way of foreign exchange on the ground that the goods never reached the Indian source - deduction allowed - HC

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