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![Loss on Failure of Joint Venture is Business Loss if the same was for the Expansion of the Existing Business: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Business-Loss-Taxscan.jpg "Loss on Failure of Joint Venture is Business Loss if the same was for the Expansion of the Existing Business: ITAT Kolkata [Read Order]")
Loss on Failure of Joint Venture is Business Loss if the same was for the Expansion of the Existing Business: ITAT Kolkata [Read Order]
In M/s IMC Ltd v. DCIT, the division bench of the ITAT Kolkata held that the loss incurred on failure of a Joint venture project during the course of...