Disallowance of bad debts relating to write off of rental ...

Case Laws Income Tax

December 7, 2015

Disallowance of bad debts relating to write off of rental advance - It is clear that this advance payment was not for the normal course of business/trade. Since the capital asset is created, the same cannot be treated as revenue loss but capital loss. - AT

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Disallowance of bad debts relating to write off of rental ...

Case Laws Income Tax

December 7, 2015

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