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).
0
Surplus arising on prepayment of deferred sales-tax loan at NPV is a capital receipt which could not be termed as remission…
.){kind=link}
.&description=&image=https://thetaxtalk.com/wp-content/uploads/2020/12/Untitled-2879.jpg){kind=link}