Nature of loss - capital loss or trading loss - Material ...

Assessee Eligible for Deduction on Silver Loan Loss as Trading Loss u/s 37/28 of Income Tax Act.

November 16, 2020

Case Laws Income Tax AT

Nature of loss - capital loss or trading loss - Material (silver) loan taken by assessee - At time of return of Material, price has gone high and resulted in loss - n the present case the assessee was able to carry on its business activities with the assistance of the material loan without which it was not possible for it to carry on the business. - the assessee is eligible for deduction under the provisions of section 37/28 of the Act as the case may be. - AT

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Nature of loss - capital loss or trading loss - Material ...

Assessee Eligible for Deduction on Silver Loan Loss as Trading Loss u/s 37/28 of Income Tax Act.

November 16, 2020

Case Laws Income Tax AT

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