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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Whether the Tribunal was justified in holding that the loss ...

Income Tax

December 24, 2014

Whether the Tribunal was justified in holding that the loss incurred on the sale of shares of Camelot a wholly owned subsidiary was a business loss when the investment made in the latter was not a business asset, but investment for obtaining an enduring benefit - Held yes - HC

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