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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Allowance u/s 37(1) - Expenditure pertaining to the payment made ...


Payments to Canara Bank Ordered by DRT Allowable as Business Expenses Under Income Tax Act Section 37(1.

October 29, 2013

Case Laws     Income Tax     AT

Allowance u/s 37(1) - Expenditure pertaining to the payment made to Canara Bank on the direction of DRT, the hypothecation defalcation - any damages allowed in this behalf even referred to as penal by DRT, do not constitute payment for infraction of law - AT

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