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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

E-commerce business - Selling at a price lower (predatory ...


Court Rules E-commerce Loss Valid, Not Capital, in Predatory Pricing Case; AO Must Accept Tax Return Loss.

May 4, 2018

Case Laws     Income Tax     AT

E-commerce business - Selling at a price lower (predatory pricing) than the cost price - the loss as declared by the Assessee in the return of income should be accepted by the AO - AO should not treat such loss as capital in nature - AT

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