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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Disallowance of the payment of the privilege fee - business ...


Court Rules Privilege Fee as Business Expenditure if Incurred to Fulfill Statutory Obligation for Business Operations.

March 19, 2017

Case Laws     Income Tax     HC

Disallowance of the payment of the privilege fee - business expenditure or not - If any assessee has incurred expenses to discharge its statutory obligation for doing of business, the same by no stretch of imagination can be termed as not for the purpose of business or profession. - HC

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