2019 (4) TMI 1047 - SCH - Income Tax

Privilege fee - whether is in the nature of revenue expenditure and deductible expenditure under Section 37(1)? - HELD THAT - Notices issued on the application for condonation of delay and on the special leave petition

Summary

The Supreme Court issued an order to issue notice on the application for condonation of delay and the special leave petition. The notice is returnable in eight weeks and pertains to the question of whether the High Court was justified in deleting additions made by the Assessing Officer regarding privilege fee paid by the respondent.