No disallowance towards business loss incurred Erection and Testing Services of Hindustan Thermal: ITAT [Read Order]

ITAT - ITAT Delhi - Income Tax - Hindustan Thermal - Business Loss - Hindustan Thermal Testing Services - taxscan

The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) held that no disallowance should be made towards the business loss incurred on erection and testing services of Hindustan Thermal. The Assessee, Hindustan Thermal Company Pvt. Ltd is engaged in the business of ‘construction work relating to power projects and the year…

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