Disallowance of expense of forfeited advance for purchase of ...

Forfeited advance for land purchase recognized as business loss, expense claim allowed in real estate case.

February 26, 2019

Case Laws Income Tax AT

Disallowance of expense of forfeited advance for purchase of land - the loss was made in the ordinary course of real estate business of assessee and was also incidental to the said business - claim allowed.

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Disallowance of expense of forfeited advance for purchase of ...

Forfeited advance for land purchase recognized as business loss, expense claim allowed in real estate case.

February 26, 2019

Case Laws Income Tax AT

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