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Income Tax - Highlights / Catch Notes

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Disallowance of the capital work in progress written off - the ...


Disallowance of Capital Work in Progress: Loss from Discarded Project Not an Allowable Business Deduction.

March 12, 2016

Case Laws     Income Tax     AT

Disallowance of the capital work in progress written off - the loss in respect of discarded project had written off by the assessee during the previous year is not allowable expenditure as business deduction and it cannot be allowed - AT

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