Taxpayer's Closure Compensation Deemed Allowable Business Expense Despite Initial Contestation by Assessing Officer.

Allowable business expenditure - compensation paid by the assessee for the closure of agreement - as per AO company to whom the compensation has been paid did not have any right and therefore compensation paid by the assessee is not allowable - Claim allowed by the CIT(A) is correct - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X