TMI BlogSettlement charges paid to SEBI - penalty paid for infraction of law - payment was neither in the nature...Settlement charges paid to SEBI - penalty paid for infraction of law - payment was neither in the nature of protection money, nor extortion, nor hafta nor bribe nor a payment for a purpose namely, settlement, which can be said to be “an offence” or which can be said to be “prohibited by law” - allowable expenditure u/s 37(1) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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