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

Refund Deduction by HSIDC Deemed Capital Loss, Not Revenue Expenditure, on Capital Asset Acquisition.

January 25, 2019

Case Laws Income Tax HC

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, ...

Refund Deduction by HSIDC Deemed Capital Loss, Not Revenue Expenditure, on Capital Asset Acquisition.

January 25, 2019

Case Laws Income Tax HC

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