Write-Back as Capital Liability: Tax Implications u/s 2(24) and Section 41(1) for Asset Recalculation.

Write-Back as Capital Liability: Tax Implications u/s 2(24) and Section 41(1) for Asset Recalculation. https://www.taxtmi.com/highlights?id=4458 Trading liability or capital liability - income u/s 2(24) read with section 41(1) - The write back under reference a receipt of capital nature. - however the cost of the relevant assets would be required to be recomputed - AT en-us Thu, 19 Jul 2012 19:22:28 +0530 Thu, 19 Jul 2012 19:22:28 +0530 TaxTMI RSS Generator Write-Back as Capital Liability: Tax Implications u/s 2(24) and Section 41(1) for Asset Recalculation. https://www.taxtmi.com/highlights?id=4458 Trading liability or capital liability - income u/s 2(24) read with section 41(1) - The write back under reference a receipt of capital nature. - however the cost of the relevant assets would be required to be recomputed - AT Highlights Income Tax Thu, 19 Jul 2012 19:22:28 +0530 https://www.taxtmi.com/highlights?id=4458