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![Loss on Sale of Foreign Cars used in the Business of Assessee is ‘Business Loss’: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Madras-High-Court-Taxscan.jpg "Loss on Sale of Foreign Cars used in the Business of Assessee is ‘Business Loss’: Madras HC [Read Judgment]")
Loss on Sale of Foreign Cars used in the Business of Assessee is ‘Business Loss’: Madras HC [Read Judgment]
The division bench of the Madras High Court comprising of Justice Huluvadi G Ramesh and Justice Anita Sumant, in the case of K.D Madan v. ITO, held...