Taxability of Waiver of loan - loan advanced for acquisition of ...

Loan Waiver for Capital Equipment Not Taxable as Income, High Court Rules Against Revenue's Appeal on Section 28(iv.

February 2, 2024

Case Laws Income Tax HC

Taxability of Waiver of loan - loan advanced for acquisition of capital equipments - Revenue's first contention that the loan waived was availed towards working capital - whether waiver of loan attributable for the working capital was taxable under Section 28 (iv)? - Hon'ble Single Judge had remitted the matter to ITAT for reconsideration - Division Bench of High Court dismissed the revenue appeal.

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Taxability of Waiver of loan - loan advanced for acquisition of ...

Loan Waiver for Capital Equipment Not Taxable as Income, High Court Rules Against Revenue's Appeal on Section 28(iv.

February 2, 2024

Case Laws Income Tax HC

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