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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Disallowance of repayment of gold loan to SBI - As the payment ...


Gold Loan Repayment Dispute: Excess Payment Deemed Allowable Expense Based on Market Value at Closure Date.

July 27, 2015

Case Laws     Income Tax     AT

Disallowance of repayment of gold loan to SBI - As the payment has to be made by assessee company on the basis of market value of the gold on the date of closure of account, excess expenditure incurred on such date of payment is allowable expenditure - AT

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