Tag: waiver of loan

No waiver of loans of capitalists by the banks-FM In his blog tilted “The Fiction of Loan Waiver to Capitalists” denies rumours

No waiver of loans of capitalists by the banks-Finance Minister In his blog tilted “The Fiction of Loan Waiver to Capitalists” has denied rumours Press Information Bureau  Government of India Ministry of Finance 28-November-2017 18:43 IST Article by the Union Finance Minister on ‘The Fiction of Loan Waiver …

Reduction of loan waived from fixed assets actual cost-wdv u/s 43(6)(c) not required for calculating depreciation under I.T. Act – ITAT

Reduction of loan waived from fixed assets actual cost-wdv u/s 43(6)(c) not required for calculating depreciation allowable under Income tax Act – ITAT ABCAUS Case Law Citation: ABCAUS 1190 (2017) (03) ITAT The Grievance: The appellant assessee company was aggrieved by the order passed by the CIT(A) confirming …