Loss on account of confiscating of goods by customs authority - ...

High Court Rules: Losses from Penalty-Related Confiscations Not Deductible for Income Tax Purposes.

June 12, 2013

Case Laws Income Tax HC

Loss on account of confiscating of goods by customs authority - The loss in the nature of penalty - evasion of law can not be a trade pursuit - Not allowed to be deducted - HC

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Loss on account of confiscating of goods by customs authority - ...

High Court Rules: Losses from Penalty-Related Confiscations Not Deductible for Income Tax Purposes.

June 12, 2013

Case Laws Income Tax HC

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