Nature of loss - assessee had asked for refund of the amount, ...

Income Tax

January 25, 2019

Nature of loss - assessee had asked for refund of the amount, which was paid for acquisition of the capital asset. Forfeiture or deduction made by the HSIDC while refunding the amount would be a capital loss and not a revenue expenditure.

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Nature of loss - assessee had asked for refund of the amount, ...

Income Tax

January 25, 2019

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