Allowance of loss arising on cancellation of contract due to ...

Income Tax

June 16, 2016

Allowance of loss arising on cancellation of contract due to price fluctuation where no actual delivery of cotton commodity - treating a loss to be speculative in nature u/s. 43(5) - these transactions are only 4% of the total transactions forming part of the regular business - claim of loss allowed - AT

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Allowance of loss arising on cancellation of contract due to ...

Income Tax

June 16, 2016

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