https://www.taxtmi.com/highlights?id=30799 Business loss - Nature of payment made towards one time settlement to clear the dues - Tribunal was utterly wrong in holding that the amount paid by the assessee to the bank in settlement of the debt owed by New Tobacco Company was a business loss of the appellant - HC en-us Tue, 16 Aug 2016 11:18:44 +0530 Tue, 16 Aug 2016 11:18:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30799 Business loss - Nature of payment made towards one time settlement to clear the dues - Tribunal was utterly wrong in holding that the amount paid by the assessee to the bank in settlement of the debt owed by New Tobacco Company was a business loss of the appellant - HC Highlights Income Tax Tue, 16 Aug 2016 11:18:44 +0530 https://www.taxtmi.com/highlights?id=30799