Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1981 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (6) TMI 8 - HC - Income TaxExtract: ....... account either as profit or loss as a result of devaluation. In the instant case, as loss has resulted, it is deductible as revenue loss. In the premises, the question is answered in the negative and in favour of the assessee. In the facts and circumstances of the case the parties will pay and bear their own costs. SUDHINDRA MOHAN GUHA J.-I agree.
|