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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Disallowance of loss claimed under Chapter IV-D - the company ...


Company's Loss Claim Denied: Chapter IV-D Disallows Expenses Before Full Setup Completion.

April 30, 2014

Case Laws     Income Tax     AT

Disallowance of loss claimed under Chapter IV-D - the company is clearly in the setting up stage - it is only the expenditure, post set-up, that could be claimed as a business expenditure - AT

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