Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1976 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1976 (4) TMI 110 - AT - Income TaxExtract: .......ee had advanced this amount in the course of his regular business in money-lending and as the entire debtor mill was taken over by another, the assessee had to assign this asset also and incurred a loss. This can also be treated as a bad debt. However, we need not go into this issue in detail. 6. In the result, the departmental appeal is dismissed.
|