TMI BlogAddition on account of waiver of loan - assessee has never claimed a waiver of interest as expenditure...Addition on account of waiver of loan - assessee has never claimed a waiver of interest as expenditure in its books of accounts and return of income. Therefore, there is no question of considering it to cessation of liability or any benefit arises from the business. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|