Bad debts - mere fact that the assessee had made some ...

Case Laws Income Tax

July 2, 2012

Bad debts - mere fact that the assessee had made some inter-corporate deposits and the assessee earned income by way of interest in itself is not a circumstance to conclude that it was carrying on money lending activity as part of its business activity. - Claim of bad debts denied - HC

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Bad debts - mere fact that the assessee had made some ...

Case Laws Income Tax

July 2, 2012

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