Monday, March 16, 2020

Legal expense incurred to protect directors in their individual capacity not allowable as deduction

INCOME TAX : Legal expenses incurred by assessee-company to protect directors/shareholders in their individual capacity, not for their conduct in carrying out business of assessee could not be allowed as business expenditure under section 37(1)

from www.taxmann.com Latest Case Laws https://ift.tt/2QhNQUg
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