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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Disallowance on account of loss on sale of live stock - assessee ...

Income Tax

January 13, 2016

Disallowance on account of loss on sale of live stock - assessee was unable to prove that it was carrying on any business activity or possessing livestock in physical form and, therefore, ld. CIT(A) was correct in holding that appellant had not carried out any business activity nor it had sold the buffaloes - AT

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