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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Allowability of business loss - Advance given for supply of ...


Refractory Company Secures Tax Allowance for Business Loss Due to Supplier Insolvency Write-Off.

June 25, 2019

Case Laws     Income Tax     AT

Allowability of business loss - Advance given for supply of refractory materials in the normal course of its business of trading and manufacturing of refractories and written off as irrecoverable as company became sick - allowable as business loss

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