Addition u/s 41(1) - waiver of unsecured interest free loans ...

Income Tax

April 17, 2020

Addition u/s 41(1) - waiver of unsecured interest free loans taken - since the assessee has not claimed any allowance or deduction in respect of the unsecured loan obtained by it, the provisions of sub-section (1) of section 41 of the Act would not apply. - HC

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Addition u/s 41(1) - waiver of unsecured interest free loans ...

Income Tax

April 17, 2020

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