TMI BlogNature of loss on the sale of foreign - the foreign cars do not form part of a block of assets and,...Nature of loss on the sale of foreign - the foreign cars do not form part of a block of assets and, admittedly, have not been granted depreciation - the foreign cars were utilized in the business of the assessee, the loss arising out of their sale would be liable to be categorized as a business loss - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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