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Income Tax - Highlights / Catch Notes

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Disallowance of bad debt/business loss being the amount ...

Income Tax

May 20, 2016

Disallowance of bad debt/business loss being the amount forfeited by BHEL on account of termination of contract - The assessee probably came to terms with the occasion of suffering such losses in wake of the fact of saving itself from incurring further huge losses. - claim allowed - AT

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