Cessation of liability to repay the loan taken was not for the ...

Loan Repayment Liability Taxable u/s 41(1) if Not Used for Capital Asset Purchase.

April 21, 2016

Case Laws Income Tax AT

Cessation of liability to repay the loan taken was not for the purpose of purchase of capital asset and therefore, the liability to repay the loan was taxable u/s 41(1) in the hands of the assessee - AT

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Cessation of liability to repay the loan taken was not for the ...

Loan Repayment Liability Taxable u/s 41(1) if Not Used for Capital Asset Purchase.

April 21, 2016

Case Laws Income Tax AT

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