Chit fund as not a money lending business - Tribunal treating ...

Income Tax

July 29, 2018

Chit fund as not a money lending business - Tribunal treating moneys not paid by the prize chit winners as bad debts ? - relationship of creditor and debtor between the assessee and the subscribers to the chit to warrant the treatment of default in payment by them as bad debt? - Claim of bad debts allowed.

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Chit fund as not a money lending business - Tribunal treating ...

Income Tax

July 29, 2018

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