Expenditure in the nature of penalty u/s 37(1) - The ...

Compensation for Delayed Property Possession Deemed Business Expense u/s 37(1) of Income Tax Act.

November 29, 2016

Case Laws Income Tax AT

Expenditure in the nature of penalty u/s 37(1) - The compensation was paid for delay in handing over of possession of the property, the liability to pay such compensation arose in the course of business of assessee - allowed - AT

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Expenditure in the nature of penalty u/s 37(1) - The ...

Compensation for Delayed Property Possession Deemed Business Expense u/s 37(1) of Income Tax Act.

November 29, 2016

Case Laws Income Tax AT

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