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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Claim of expenses disallowed u/s 37(1) - expenditure/loss ...


High Court Allows Expense Claim for Abandoned Project u/s 37(1) After Initial Disallowance and "Work-in-Progress" Status.

October 7, 2014

Case Laws     Income Tax     HC

Claim of expenses disallowed u/s 37(1) - expenditure/loss incurred on abandoned project – for the first two years the expenditure is shown as “work-in-progress” - claim of expenses allowed - HC

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