Chit loss
This query is : Resolved
22 October 2016
Sir
Whether Chit Loss can be claimed as business expenditure U/s.37 of the Act, if so kindly provide any case laws
Whether Chit Loss can be claimed as business expenditure U/s.37 of the Act, if so kindly provide any case laws
23 October 2016
It is a business loss vide Rajees vs Income-Tax Officer (1997) 63 ITD 330 (Coch-Tri)
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