Non-recovery of the advance made for the development of the ...

Advance for Product Development Classified as Business Loss, Deductible as Revenue Expenditure for Tax Purposes.

June 30, 2012

Case Laws Income Tax AT

Non-recovery of the advance made for the development of the product - bad debts or capital loss - amount advanced, which was subsequently not recovered is a business loss and thus allowable as revenue expenditure - AT

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Non-recovery of the advance made for the development of the ...

Advance for Product Development Classified as Business Loss, Deductible as Revenue Expenditure for Tax Purposes.

June 30, 2012

Case Laws Income Tax AT

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