[aaykarbhavan] No capital loss on writing off advances given to other cos, as such advances couldn't be construed as capital assets

 

No capital loss on writing off advances given to other cos, as such advances couldn't be construed as capital assets

November 15, 2014[2014] 50 taxmann.com 88 (Bombay)/[2014] 226 Taxman 375 (Bombay)/[2014] 364 ITR 244 (Bombay)

IT : No capital loss on writing off advances given to other cos, as such advances couldn't be construed as capital assets

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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