Amendment of section 37

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..... ose which is an offence or which is prohibited by law under Explanation 1, shall include and shall be deemed to have always included the expenditure incurred by an assessee, (i) for any purpose which is an offence under, or which is prohibited by, any law for the time being in force, in India or outside India; or (ii) to provide any benefit or perquisite, in whatever form, to a person, whether or .....

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..... ed by law shall not be deemed to have been incurred for the purpose of business or profession and no deduction or allowance shall be made in respect of such expenditure. It is proposed to insert a new Explanation 3 to the said sub-section to further clarify that the expression expenditure incurred by an assessee for any purpose which is an offence or which is prohibited by law under Explanation 1, .....

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