Court Rules Advances to Developer as Business Loss Under Income Tax Act Sections 36(1)(vii) and 37(1.

Court Rules Advances to Developer as Business Loss Under Income Tax Act Sections 36(1)(vii) and 37(1. https://www.taxtmi.com/highlights?id=46243 Allowability of bad debts - advanced to one Developers for booking commercial space in an upcoming construction project - allowable u/s. 36(1)(vii)OR business loss u/s 37(1) - assessee was engaged in the business of real estate and financing - clearly a business loss en-us Fri, 03 May 2019 09:00:58 +0530 Fri, 03 May 2019 09:00:58 +0530 TaxTMI RSS Generator Court Rules Advances to Developer as Business Loss Under Income Tax Act Sections 36(1)(vii) and 37(1. https://www.taxtmi.com/highlights?id=46243 Allowability of bad debts - advanced to one Developers for booking commercial space in an upcoming construction project - allowable u/s. 36(1)(vii)OR business loss u/s 37(1) - assessee was engaged in the business of real estate and financing - clearly a business loss Highlights Income Tax Fri, 03 May 2019 09:00:58 +0530 https://www.taxtmi.com/highlights?id=46243