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1998 (4) TMI 154 - AT - Income Tax
Extract:
.......the same is required to be added. But the payment of the same being opposed to public policy, in our opinion, the same is not allowable as business expenditure, though it might have been wholly and exclusively incurred for the purpose of business. Therefore, the addition of Rs. 2,50,000 is confirmed. 25. In the result, the appeal is partly allowed.