Business expenditure u/s 37 - liquidated damage - breach of ...

Liquidated damages for breach of contract are deductible u/s 37 if not for illegal purposes.

September 19, 2017

Case Laws Income Tax HC

Business expenditure u/s 37 - liquidated damage - breach of contract terms - Expenditure was not incurred for any purpose which is an offence or which is prohibited by law - cannot be disallowed - HC

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Business expenditure u/s 37 - liquidated damage - breach of ...

Liquidated damages for breach of contract are deductible u/s 37 if not for illegal purposes.

September 19, 2017

Case Laws Income Tax HC

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