Waiver of the loan liability - Capital receipt or Revenue ...

Case Laws Income Tax

January 30, 2012

Waiver of the loan liability - Capital receipt or Revenue receipt - the amount claimed as capital receipt is in respect to which there was no allowance or deduction claimed by the assessee for the previous year. - Thus Section 41 is not attracted..... - HC

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Waiver of the loan liability - Capital receipt or Revenue ...

Case Laws Income Tax

January 30, 2012

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