Allowablity of Legal expenses u/s 37 - defending company & MD in criminal proceedings - since the...

Allowablity of Legal expenses u/s 37 - defending company & MD in criminal proceedings - since the Hon’ble Supreme Court has quashed the entire proceedings against the Company & MD, they had not committed any offence and company has decided to defend the MD to protect the image and goodwill of the company - allowable as business expenditure .....

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