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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Write off claimed of a bad investment - in the subject ...


Taxpayer Cannot Claim Write-Off for Losses on Investment Portfolios in Relevant Assessment Year.

January 9, 2019

Case Laws     Income Tax     HC

Write off claimed of a bad investment - in the subject assessment year, the assessee had been holding the portfolios as investments, there is no question of claiming write off of the loss said to have been occasioned.

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