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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Provision for exgratia - claim of deduction u/s 37 - exgratia ...


Exgratia Payments Deductible u/s 37 of Income Tax Act; Not Considered Bonuses for Tax Purposes.

May 24, 2016

Case Laws     Income Tax     AT

Provision for exgratia - claim of deduction u/s 37 - exgratia cannot be regarded as bonus and requirement of the provisions of section 37 are fully satisfied. - AT

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