The expression “any expenditure” used in section 37 is to cover ...

Income Tax

December 20, 2012

The expression “any expenditure” used in section 37 is to cover both “expenses incurred”as well as an amount,which is really a “loss”,even though such amount has not gone out from the pocket of the assessee the advance written off by the assessee as irrecoverable is allowable as business loss - AT

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The expression “any expenditure” used in section 37 is to cover ...

Income Tax

December 20, 2012

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