Deemed income u/s 41 - waiver of loan - respondent did not enter ...

Court Rules Loan Waiver Not Deemed Income as It's Not a Trade Receipt u/s 41(1) Income Tax Act.

January 10, 2015

Case Laws Income Tax HC

Deemed income u/s 41 - waiver of loan - respondent did not enter the loan amount in the profit and loss account, before, or after it was written-off - it was not a trade receipt - not taxable u/s 41(1) - HC

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Deemed income u/s 41 - waiver of loan - respondent did not enter ...

Court Rules Loan Waiver Not Deemed Income as It's Not a Trade Receipt u/s 41(1) Income Tax Act.

January 10, 2015

Case Laws Income Tax HC

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