Nature of loss - commercial expediency - provisions of ...

Fertilizer Bonds' Diminished Value Recognized as Revenue Loss for Tax Deductions, Upholding Commercial Expediency.

November 30, 2023

Case Laws Income Tax HC

Nature of loss - commercial expediency - provisions of diminution of Government of India Fertilizer Bonds [GoI Bonds] - the loss incurred due to the diminution in the value of the bonds may be regarded as a revenue loss and can be claimed as deduction while computing taxable income for the period under consideration. - HC

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Nature of loss - commercial expediency - provisions of ...

Fertilizer Bonds' Diminished Value Recognized as Revenue Loss for Tax Deductions, Upholding Commercial Expediency.

November 30, 2023

Case Laws Income Tax HC

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