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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Repossession of assets given on hire purchase - loss incurred by ...


Losses from Repossessed Assets in Hire Purchase Agreements Allowable as Business Losses for Tax Purposes.

September 1, 2016

Case Laws     Income Tax     AT

Repossession of assets given on hire purchase - loss incurred by the assessee due to sale of repossessed assets are allowable as business loss - AT

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