Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Nature of loss - Loss on sale of loans - the loan portfolios, concerning forty-five thousand (45,000) borrowers, had been sold to Shriram, and therefore, the difference between the figures [the difference between the value of the financial receivables and consideration received from Shriram] was sought to be claimed by the respondent/assessee as ‘loss’ on revenue account - HC
Nature of loss - Loss on sale of loans - the loan portfolios, concerning forty-five thousand (45,000) borrowers, had been sold to Shriram, and therefore, the difference between the figures [the difference between the value of the financial receivables and consideration received from Shriram] was sought to be claimed by the respondent/assessee as ‘loss’ on revenue account - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
