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2023 (7) TMI 929 - ITAT DELHILoss on sale of finance receivables - CIT-A deleted the addition - HELD THAT:- As respectfully following the ratio laid down by the Co-ordinate Bench in the case of GE India G.E. Money Finance [2016 (8) TMI 1202 - ITAT DELHI] as held such transaction are in normal course of business of NBFCs, it may be noted that such loss is incidental to the business of the Appellant and fulfills all the conditions laid down by section 28 of the IT Act for allowability of loss and supported by various judicial precedents. Thus we find no error or infirmity in the order of the CIT(A) and find no merit in the grounds of Appeal of the Revenue - Decided in favour of assessee.
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