https://www.taxtmi.com/highlights?id=66692 Addition u/s. 28(iv) - waiver of loan - value of benefit arising from business of the assessee - the assessee has received loan from certain parties for the purpose of using it in the business of lending of money. The lenders are not the customers of the assessee. There should not be any dispute that the loan transaction is a capital account trasaction. Hence waiver of loan cannot take the colour of trading transactions - No additions - AT en-us Tue, 22 Nov 2022 16:23:26 +0530 Tue, 22 Nov 2022 16:23:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66692 Addition u/s. 28(iv) - waiver of loan - value of benefit arising from business of the assessee - the assessee has received loan from certain parties for the purpose of using it in the business of lending of money. The lenders are not the customers of the assessee. There should not be any dispute that the loan transaction is a capital account trasaction. Hence waiver of loan cannot take the colour of trading transactions - No additions - AT Highlights Income Tax Tue, 22 Nov 2022 16:23:26 +0530 https://www.taxtmi.com/highlights?id=66692