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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Commercial expediency - whether the amount paid by the assessee ...


Court Rules Payment as Deductible Expenditure Under "Commercial Expediency" in Section 37 of Income Tax Act.

April 30, 2015

Case Laws     Income Tax     HC

Commercial expediency - whether the amount paid by the assessee in terms of the decree passed by the Bombay High Court falls within the words 'commercial expediency' - the said expenditure falls within Section 37 of the Act - HC

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