Addition of expenses u/s 37(1) - It does not make any ...

Section 37(1) Income Tax Act: Nexus Between Expenditure and Offense Determines Treatment, Not Direct or Indirect Nature of Expenses.

January 16, 2014

Case Laws Income Tax AT

Addition of expenses u/s 37(1) - It does not make any difference, whether expenditure is direct or indirect - So long as there exists a nexus of the expenditure with the offence, it will continue to be hit by the Explanation - AT

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Addition of expenses u/s 37(1) - It does not make any ...

Section 37(1) Income Tax Act: Nexus Between Expenditure and Offense Determines Treatment, Not Direct or Indirect Nature of Expenses.

January 16, 2014

Case Laws Income Tax AT

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