A two-judge bench of the Delhi High Court has held that the loss occurred on the forfeiture of deposit/ advances suffered by the assessee- Company while surrendering the industrial plot cannot be treated as revenue loss and therefore, no income tax deduction can be claimed on the same. The assessee claimed that the amount of […]
The post Loss on Forfeiture of Deposit on Surrender of Industrial Plot is Capital Loss: Delhi High Court [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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