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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Disallwance u/s 37 - consideration paid without obtaining prior ...


Expenditure Allowed Despite Lack of Prior Approval u/s 37 of Income Tax Act and Section 297 of Companies Act.

July 3, 2014

Case Laws     Income Tax     AT

Disallwance u/s 37 - consideration paid without obtaining prior approval of the Central Government in accordance with the provisions of section 297 of the Companies Act, 1956 - expenditure allowed - AT

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