Sponsored
    Follow Us:

Case Law Details

Case Name : M/S ICS Systems Private Limited Vs CIT (Delhi High Court)
Related Assessment Year : 2001-02
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

M/S ICS Systems Private Limited Vs CIT (Delhi High Court)

Conclusion: Forfeiture of advance/deposit suffered by the assessee-company towards proposed purchase of plot, unilaterally deducted by HSIDC was a capital loss not a revenue loss as loss incurred was in the transaction relating to and for acquisition of a land/plot which was a capital asset.

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031