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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Deemed income u/s 41 - waiver of loan - respondent did not enter ...

Case Laws     Income Tax

January 10, 2015

Deemed income u/s 41 - waiver of loan - respondent did not enter the loan amount in the profit and loss account, before, or after it was written-off - it was not a trade receipt - not taxable u/s 41(1) - HC

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