https://www.taxtmi.com/highlights?id=50677 Disallowance of forfeited amount as trade loss - assessee has entered into an agreement and the impugned property was being purchased as stock-in-trade and subsequently expecting loss on selling the property in future, the deal was cancelled - since the transaction was entered in the normal course of business, claim of business loss allowed. en-us Thu, 12 Dec 2019 12:40:13 +0530 Thu, 12 Dec 2019 12:40:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50677 Disallowance of forfeited amount as trade loss - assessee has entered into an agreement and the impugned property was being purchased as stock-in-trade and subsequently expecting loss on selling the property in future, the deal was cancelled - since the transaction was entered in the normal course of business, claim of business loss allowed. Highlights Income Tax Thu, 12 Dec 2019 12:40:13 +0530 https://www.taxtmi.com/highlights?id=50677