The Income Tax Appellate Tribunal (ITAT) Chennai bench has held that the loss on investment made in subsidiary company for increasing business expediency to be written off as business loss. The bench consisting of members V. Durga Rao (Judicial Member) and Manoj Kumar Aggarwal (Accountant Member), allowed Allowing deduction of legal fee and due diligence […]
http://dlvr.it/SKTzLB
Comments
Post a Comment