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Loss from sale of depreciable asset would always be short-term capital gain or loss if block ceases to exist
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Corporate Tax
Loss from sale of depreciable asset would always be short-term capital gain or loss if block ceases to exist
Posted on
on
February 4, 2014
Tenet Tax Daily January 31 2014
By
tenettax-team
Corporate Tax
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If all transactions weren’t disclosed during first reassessment, second reassessment was justified HC
AO doesn’t have power to deny sec. 54F exemption while processing return under sec. 143(1)
