Disallowance of losses from activity of horse breeding and ...

Horse Breeding Excluded from Section 74A Tax Benefits; Losses Not Recognized Like Poultry or Pig Breeding Losses.

June 24, 2015

Case Laws Income Tax AT

Disallowance of losses from activity of horse breeding and owning and maintaining race horses - The activity of breeding of horses is similar to that of poultry or piggeries etc. where the animals are bred for the purpose of selling. Section 74A is not applicable for such breeding activity. - AT

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Disallowance of losses from activity of horse breeding and ...

Horse Breeding Excluded from Section 74A Tax Benefits; Losses Not Recognized Like Poultry or Pig Breeding Losses.

June 24, 2015

Case Laws Income Tax AT

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