Bombay Stock Exchange fines deductible u/s 37(1) of Income Tax Act, not a statutory body.

Bombay Stock Exchange is not a statutory body and any penalties or fines paid as the case may be under regulations and bye-laws can be considered as regulations for controlling the internal obligations - penalties paid allowed as expense u/s 37(1) - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X