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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Loss on written down value of fixed assets - Tribunal allowing ...


Tribunal Allows Bad Debt Claim on Loss of Fixed Assets' Value; Fails to Explain Transaction's Bad Debt Element.

January 2, 2013

Case Laws     Income Tax     HC

Loss on written down value of fixed assets - Tribunal allowing the claim of bad debt does not speaks about the core issue that how there exists an element of bad debt in whole of the transaction. - HC

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