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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Applicability of section 94(7) - loss from units which were ...


Income Tax Act Section 94(7) Clarifies Losses on Units Held Over Three Months Are Recognized, Not Disallowed.

May 17, 2014

Case Laws     Income Tax     AT

Applicability of section 94(7) - loss from units which were held for more than three months after the record date and sold thereafter cannot be subjected to disallowance as per the amended provision of section 94(7) - AT

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