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Income Tax - Highlights / Catch Notes

Home Highlights March 2012 Year 2012 This

Whether on the facts and circumstances of the case and in law, ...


High Court Grants Share Broker Deduction for Bad Debts u/s 36(1)(vii) and Section 36(2) of Income Tax Act.

March 6, 2012

Case Laws     Income Tax     HC

Whether on the facts and circumstances of the case and in law, the assessee, who is a share broker, is entitled to deduction by way of bad debts under Section 36(1)(vii) read with Section 36(2) - held yes - HC

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