Addition on account of forfeiture of advance - nature of ...

Advance Forfeiture in Business Classified as Legitimate Loss under Income Tax Considerations.

December 31, 2019

Case Laws Income Tax HC

Addition on account of forfeiture of advance - nature of expenses - for whatever reason, the advance given was forfeited. In this view of the matter, the advance given in the ordinary course of business has been rightly treated as loss incurred by the company.

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Addition on account of forfeiture of advance - nature of ...

Advance Forfeiture in Business Classified as Legitimate Loss under Income Tax Considerations.

December 31, 2019

Case Laws Income Tax HC

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