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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

As the assessee carried on business of banking and the amounts ...


High Court Allows Bank's Claim for Bad Debt Write-Offs in Ordinary Business Operations.

September 17, 2012

Case Laws     Income Tax     HC

As the assessee carried on business of banking and the amounts being written off as bad debts was the money lent in the ordinary course of its business. - claim of bad debt allowed - HC

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