Posts tagged "remission or cessation of a trading liability so as to invite section 41(1)"

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IT Judgement

Surplus arising on prepayment of deferred sales-tax loan at NPV is a capital receipt which could not be termed as remission or cessation of a trading liability so as to attract income tax u/s 41(1).

December 5, 2020 0 Comments
Surplus arising on prepayment of deferred sales-tax loan at NPV is a capital receipt which could not be termed as remission or cessation of a trading liability so as to attract income tax u/s 41(1).  Short overview  Surplus arising on prepayment of ...
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