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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Disallowance of writing off of deposit given for gas and ...


Gas and Electricity Deposit Write-Offs Deemed Business Losses, Affecting Taxpayer Deductions.

May 31, 2016

Case Laws     Income Tax     AT

Disallowance of writing off of deposit given for gas and electricity - loss suffered as a result of non-recovery of the said deposits was a loss incidental to the business of the assessee. - AT

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