Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
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Bad debt written off as admissible u/s 36(1)(vii) - Investment made by the assessee in a sister concern for purchase of equity shares which into liquidation can be written off as bad debt - Order of ITAT is modified and the finding that the assessee is entitled to the benefit of capital loss is set aside. The matter is remitted to the AO.
Bad debt written off as admissible u/s 36(1)(vii) - Investment made by the assessee in a sister concern for purchase of equity shares which into liquidation can be written off as bad debt - Order of ITAT is modified and the finding that the assessee is entitled to the benefit of capital loss is set aside. The matter is remitted to the AO.
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