TMI BlogBid-loss - Claim of business loss - assessee was explaining the principle followed by them, which...Bid-loss - Claim of business loss - assessee was explaining the principle followed by them, which results in bid loss. What the AO wanted was to give evidence that the assessee actually incurred the said loss in following the said principle, which was not furnished - Order of ITAT allowing the claim of loss is not correct - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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