Principal requirement for the applicability of Section 41 - ...
Supreme Court Clarifies Section 41: Benefit from Trading Liability Remission Essential for Income Tax Applicability.
November 21, 2015
Case Laws Income Tax SC
Principal requirement for the applicability of Section 41 - whether the assessee must obtain a benefit in respect of a trading liability by way of a remission or cessation thereof? - Held Yes - SC
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