Additions against loss claimed due to goods being ...

Fire-Destroyed Goods Deemed Trading Stock, Loss Classified as Deductible Revenue for Tax Purposes.

January 2, 2024

Case Laws Income Tax HC

Additions against loss claimed due to goods being damaged/destroyed by fire - since the findings of fact have been returned by the Tribunal that what was destroyed in the fire were goods in which the respondent/assessee was trading, the loss suffered was a revenue loss and hence deductible. - HC

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Additions against loss claimed due to goods being ...

Fire-Destroyed Goods Deemed Trading Stock, Loss Classified as Deductible Revenue for Tax Purposes.

January 2, 2024

Case Laws Income Tax HC

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