https://www.taxtmi.com/highlights?id=34720 Nature of loss on the sale of foreign - the foreign cars do not form part of a block of assets and, admittedly, have not been granted depreciation - the foreign cars were utilized in the business of the assessee, the loss arising out of their sale would be liable to be categorized as a business loss - HC en-us Tue, 09 May 2017 08:29:55 +0530 Tue, 09 May 2017 08:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34720 Nature of loss on the sale of foreign - the foreign cars do not form part of a block of assets and, admittedly, have not been granted depreciation - the foreign cars were utilized in the business of the assessee, the loss arising out of their sale would be liable to be categorized as a business loss - HC Highlights Income Tax Tue, 09 May 2017 08:29:55 +0530 https://www.taxtmi.com/highlights?id=34720