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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Loss on wind mills and change in the method of valuation of ...


Court Approves Writing Off Windmill Investment as Bad Debt; Stock Valuation Method Change Also Upheld.

February 12, 2013

Case Laws     Income Tax     HC

Loss on wind mills and change in the method of valuation of stock - the assessee was justified in writing off the investment in the windmills as bad debt - HC

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