Merely because, a subsidiary company did not fulfil its ...

Subsidiary's obligation failure doesn't make a transaction illegal; expenses still considered for business purposes.

July 27, 2013

Case Laws Income Tax HC

Merely because, a subsidiary company did not fulfil its obligations, that will not render the transaction illegal and consequently, it cannot be held that the expenditure laid out or incurred is not wholly for the business - HC

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Merely because, a subsidiary company did not fulfil its ...

Subsidiary's obligation failure doesn't make a transaction illegal; expenses still considered for business purposes.

July 27, 2013

Case Laws Income Tax HC

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