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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Disallowance on account of loss due to flood - It is not in ...


Flood Loss Claim Allowed Despite Dispute on Ascertainability and Quantification in Relevant Year.

April 18, 2015

Case Laws     Income Tax     AT

Disallowance on account of loss due to flood - It is not in dispute that loss has occurred during the year under consideration, however the dispute is that the loss and quantification thereof are not ascertainable in the year under consideration. - claim of loss allowed - AT

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