A redevelopment firm won tax relief after the ITAT ruled its ₹8 crore tenant compensation provision was not contingent. The order explains when unpaid business liabilities can still be claimed as deductible expenses.
Business
Can unpaid business expenses be claimed as tax deduction? ITAT Mumbai's ruling explains when you can
A redevelopment firm won tax relief after the ITAT ruled its ₹8 crore tenant compensation provision was not contingent. The order explains when unpaid business liabilities can still be claimed as deductible expenses. Source: Read the original article on www.livemint.com
