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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Disallowing “amounts written off” as business loss - the ...


Tax Authorities Reject Business Loss Claim Due to Lack of Proof on Advances Written Off for Business Purposes.

December 13, 2018

Case Laws     Income Tax     AT

Disallowing “amounts written off” as business loss - the assessee has failed to discharge his onus in substantiating that the advances written off were made wholly and exclusively for the purpose of the business.

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