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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Additions u/s 41(1) - The liability remains and because under ...

Case Laws     Income Tax

August 18, 2017

Additions u/s 41(1) - The liability remains and because under the scheme of the BIFR the principal sum was waived, the assessee has not enjoyed any actual benefit of remission of liability in the nature of trading. - claim of deduction in respect of the waiver of loan allowed - HC

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