Claim of expenditure of the amount forfeited by the Seller for ...

Income Tax

July 19, 2016

Claim of expenditure of the amount forfeited by the Seller for non-fulfillment of the purchase agreement - assessee is dealer in immovable property and it is for a businessman to decide the manner in which he should conduct his business and take steps which are in the best interest of his business. A mere loss in a venture does not mean that the transaction is not genuine. - HC

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Claim of expenditure of the amount forfeited by the Seller for ...

Income Tax

July 19, 2016

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