The Income Tax Appellate Tribunal ( ITAT ), Delhi bench, last day allowed deduction in respect of loss incurred on investment in Joint Venture Company which was written off by the assesse. Assessee, as part of its main objects, entered into a Joint Venture by way of participating in a company in USA for distribution […]
The post Loss on Investment in Joint Venture Company can be Written Off: ITAT allows Deduction [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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