Disallowance of expenditure - taking over of the loan or ...

Expenditure for Loan Discharge Considered Revenue, Not Capital Loss, for Business Purpose of Assessee.

May 4, 2016

Case Laws Income Tax AT

Disallowance of expenditure - taking over of the loan or discharge of the loan - it is for the business purpose of the assessee and, hence, revenue in nature and cannot be treated as a capital loss - AT

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Disallowance of expenditure - taking over of the loan or ...

Expenditure for Loan Discharge Considered Revenue, Not Capital Loss, for Business Purpose of Assessee.

May 4, 2016

Case Laws Income Tax AT

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