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Additions for recovery of bad debts u/s 41 - As per appellant as ...


Recovery of Bad Debts from Amalgamated Companies Taxable u/s 41, Appellant's Argument Rejected.

October 22, 2022

Case Laws     Income Tax     HC

Additions for recovery of bad debts u/s 41 - As per appellant as recovered the bad debts of the companies, which got amalgamated with the appellant company, and, therefore, they are not taxable in the hands of the appellant and that the appellant was not the assessee for the purpose u/s 41 - Contention rejected - Additions confirmed - HC

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