Capital Asset Sale Losses Not Claimed as Bad Debts or Business Losses u/ss 36(1)(vii) & 37 of Income Tax Act.

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....Bad debts not allowed - loss incurred on sale of capital assets is not allowable u/s. 36 (1)(vii) of the Act as bad debt written off as well as business loss u/s. 37 of the Act because it is a capital loss - AT....