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Income Tax - Highlights / Catch Notes

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Claim of expenditure - deductin u/s 37(1) - it is not open to ...


Tax Authorities Can't Dictate Business Expenses u/s 37(1) of Income Tax Act: Emphasizing Taxpayer Autonomy.

June 29, 2013

Case Laws     Income Tax     AT

Claim of expenditure - deductin u/s 37(1) - it is not open to the Department to prescribe what expenditure an assessee should incur and in what circumstances he should incur that expenditure. - AT

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