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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Write off of receivables on discontinuation of joint venture ...

Case Laws     Income Tax

April 29, 2020

Write off of receivables on discontinuation of joint venture (JV) - assessee had duly complied with the provisions of section 36(2) of the Act. It is not in dispute that the said trade debts had been duly written off as irrecoverable in the books of accounts of the assessee company - Claim allowed - AT

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