Court Rules E-commerce Loss Valid, Not Capital, in Predatory Pricing Case; AO Must Accept Tax Return Loss.

Court Rules E-commerce Loss Valid, Not Capital, in Predatory Pricing Case; AO Must Accept Tax Return Loss. https://www.taxtmi.com/highlights?id=39231 E-commerce business - Selling at a price lower (predatory pricing) than the cost price - the loss as declared by the Assessee in the return of income should be accepted by the AO - AO should not treat such loss as capital in nature - AT en-us Fri, 04 May 2018 17:21:27 +0530 Fri, 04 May 2018 17:21:27 +0530 TaxTMI RSS Generator Court Rules E-commerce Loss Valid, Not Capital, in Predatory Pricing Case; AO Must Accept Tax Return Loss. https://www.taxtmi.com/highlights?id=39231 E-commerce business - Selling at a price lower (predatory pricing) than the cost price - the loss as declared by the Assessee in the return of income should be accepted by the AO - AO should not treat such loss as capital in nature - AT Highlights Income Tax Fri, 04 May 2018 17:21:27 +0530 https://www.taxtmi.com/highlights?id=39231