Allowability of alleged fictitious loss by way of Client Code ...
Court Rules Fictitious Losses Through Client Code Modification Allowable in Tax Case Due to Lack of Evidence.
August 13, 2019
Case Laws Income Tax AT
Allowability of alleged fictitious loss by way of Client Code Modification (CCM) - nothing has been brought on record to suggest that the said losses were purchased and the party were given cheque or cash payment in view of such favours - such co-relation was necessary to fasten any liability upon the assessee - loss is duly allowable
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