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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Additions u/s 41(1) - unsecured loans - no doubt for the purpose ...


Section 41(1) Review: Unsecured Loans for Business Not Considered Trading Receipts, No Additions Required.

May 18, 2015

Case Laws     Income Tax     HC

Additions u/s 41(1) - unsecured loans - no doubt for the purpose of establishing or furthering a business, yet they were loans and not trading receipts or loss from expenditure - no addition - HC

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