Addition u/s 41(1) - amount waived by TamilNad Mercantile Bank ...

Loan Waiver by TamilNad Mercantile Bank Not a Trading Liability Cessation u/s 41(1) IT Act.

February 22, 2019

Case Laws Income Tax AT

Addition u/s 41(1) - amount waived by TamilNad Mercantile Bank Limited representing Term Loan - waiver of loan does not amount to cessation of trading liability - No additions.

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Addition u/s 41(1) - amount waived by TamilNad Mercantile Bank ...

Loan Waiver by TamilNad Mercantile Bank Not a Trading Liability Cessation u/s 41(1) IT Act.

February 22, 2019

Case Laws Income Tax AT

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