Loss of capital cannot be allowed as an expenditure, when it ...

Income Tax

August 24, 2015

Loss of capital cannot be allowed as an expenditure, when it became bad and thereafter, written off. Advance of loans to a sister concern or a subsidiary company cannot be said to be for the purpose of business. - AT

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Loss of capital cannot be allowed as an expenditure, when it ...

Income Tax

August 24, 2015

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