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Income Tax - Highlights / Catch Notes

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Expenditure u/s 37(1) - lottery business - commission - there ...


Lottery Business Expenses Deemed Legitimate u/s 37(1); No Violation of Legal or Public Policy Found.

August 12, 2013

Case Laws     Income Tax     AT

Expenditure u/s 37(1) - lottery business - commission - there was nothing illegal about carrying on the lottery business or mobilizing opinion for continuation of sale of lottery tickets of other States within the State of Madhya Pradesh. Nothing has been brought on record to show that it was even against the public policy - AT

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