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Income Tax - Highlights / Catch Notes

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Allowability of bad debts - advanced to one Developers for ...

Income Tax

May 3, 2019

Allowability of bad debts - advanced to one Developers for booking commercial space in an upcoming construction project - allowable u/s. 36(1)(vii)OR business loss u/s 37(1) - assessee was engaged in the business of real estate and financing - clearly a business loss

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