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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Addition u/s 41 - conversion of advance into capital - advance ...


Court Rules No Addition u/s 41 for FDI Advance Converted to Capital; No Link to Prior Deductions Found.

August 18, 2017

Case Laws     Income Tax     HC

Addition u/s 41 - conversion of advance into capital - advance was received under FDI - nexus with an allowance or deduction for any previous year as a claim of loss, expenditure, or trading liability not established - no addition - HC

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