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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Disallowance of breakage loss - Merely because the assessee has ...


Taxpayers can claim breakage loss if sufficient proof is provided, even if not claimed in previous years.

June 30, 2015

Case Laws     Income Tax     AT

Disallowance of breakage loss - Merely because the assessee has not claimed such breakage loss in the preceding assessment year, the same in our opinion cannot be a ground to deny a legitimate claim made by the assessee in the impugned assessment year especially when the assessee has submitted proof - AT

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