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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Capital loss V/S business loss - nature of loss - merely because ...

Case Laws     Income Tax

May 2, 2016

Capital loss V/S business loss - nature of loss - merely because the assessee abandoned the project after paying advance of ₹ 50 laks, that cannot be a reason for treating the loss claimed by the assessee as capital loss. - AT

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