Disallowance of business loss - Proof of commencement of ...

Single Transaction Can Qualify as Business Activity Under Income Tax Law, No Series of Transactions Needed.

January 9, 2021

Case Laws Income Tax AT

Disallowance of business loss - Proof of commencement of business - It is well settled law that even a single transaction may constitute business as defined in section 2(13). It is not asking there should be a series of transaction. Both of purchase and the sale to constitute trade. - AT

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Disallowance of business loss - Proof of commencement of ...

Single Transaction Can Qualify as Business Activity Under Income Tax Law, No Series of Transactions Needed.

January 9, 2021

Case Laws Income Tax AT

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