TAX UPDATES: Loss u/s 10(38) not to be allowed as deduction. SC in Harprasad & Co. followed. Mumbai Tribunal in case of Raptokas Brett & Co. Ltd. Rendered on 10-06-2015 ITA 3317/2009 not considered -M/s. LGW Limited ITA No.267/Kol/2013 Date of Pronouncement : 07.10.2015.

Friday 9 October 2015

Loss u/s 10(38) not to be allowed as deduction. SC in Harprasad & Co. followed. Mumbai Tribunal in case of Raptokas Brett & Co. Ltd. Rendered on 10-06-2015 ITA 3317/2009 not considered -M/s. LGW Limited ITA No.267/Kol/2013 Date of Pronouncement : 07.10.2015.

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