US EditionITAT Allows 64.72 Cr Project Loss as Business Deduction
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ITAT Allows 64.72 Cr Project Loss as Business Deduction
ITAT Allows 64.72 Cr Project Loss as Business Deduction In AY 2012–13, the assessee reported a loss of Rs. 64.72 crores as a result of the cancellation of its Amritsar project due to disagreements among its directors. The CIT(A) upheld the Assessing Officer‘s decision to deny the loss, which was deemed to be capital in […]
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