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Income Tax - Highlights / Catch Notes

Home Highlights July 2017 Year 2017 This

Loans to companies in liquidation had become bad debts and ought ...


Tribunal Affirms Revaluation of Loss-Making Shares at Market Value; Bad Debts from Liquidation Loans to be Written Off.

July 31, 2017

Case Laws     Income Tax     HC

Loans to companies in liquidation had become bad debts and ought to be written off - whether he Tribunal was right in allowing the re-valuation of only loss making shares at market value? - Held Yes

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