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Allowability of loss for illegal business

Started by rajul5234, November 15, 2014, 09:03:04 AM

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rajul5234

November 15, 2014, 09:03:04 AM
Gujarat High Court Tax appeal 107 / 2004, Dt. 16/10/14. Bipinchandra. K. Bhatia.

Held, Loss of illegal business for confiscation of goods allowable even post insertion of explanation to section 37.

R. K. Patel.
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