2019 (1) TMI 1648 - SCH - Income Tax

Claim of expenses u/s 37(1) - litigation and settlement expenses - during the legal proceedings, the appellant switched gear and became a lawyer in order to settle the dues of the company and discharge his personal guarantee - He entered into One Time Settlement with the bankers and paid up the agreed amount - HELD THAT - Special Leave Petition is dismissed.

Summary

The Supreme Court of India dismissed the Special Leave Petition in 2019 (1) TMI 1648 - SC. The judges were Mr. Rohinton Fali Nariman and Mr. Vineet Saran. The petitioner was represented by Mr. Avneesh Arputham, Mr. Shobhit Nanda, Ms. Anuradha Aruptham, Ms. Geetanjali, and Mr. Somnath Shukla. There was no representation for the respondent.