Addition of expenses as penal in nature - forfeiture of the Bank ...

Forfeiture of Bank Guarantee Deemed Revenue Expense, Allowed as Business-Related Cost.

July 22, 2015

Case Laws Income Tax AT

Addition of expenses as penal in nature - forfeiture of the Bank Guarantee - it was related to the business activities of the assessee and was revenue in nature, expenses allowed - AT

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Addition of expenses as penal in nature - forfeiture of the Bank ...

Forfeiture of Bank Guarantee Deemed Revenue Expense, Allowed as Business-Related Cost.

July 22, 2015

Case Laws Income Tax AT

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