The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the deduction is allowable on the loss on account of compensation on enforcement of security paid by the Company to its subsidiary companies. The assessee has claimed loss incurred by two subsidiary companies M/s Mishapar Investment Ltd & Vibhadeep Investment & Trading […]
The post Deduction available on Loss on Account of Compensation on Enforcement of Security Paid to Subsidiary Companies: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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