Waiver of loan – not taxable as business income for Mahindra and Mahindra Ltd mnacritique.mergersindia.com

1
CA Raksha Tripati 8 years ago in Business 0

Whether the amount of loan waived can be taxed as business prerequisite? Whether the amount of loan waived can be taxed as income as per the provisions of Section 41(1) of Income Tax 1961?

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Tags : Case LawMahindraWaiver of loan

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