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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Disallowance of legal and professional charges - When the ...


Legal Fees for FIR Against Directors Qualify as Business Expenses, Says Court in Favor of Assessee Company.

November 23, 2017

Case Laws     Income Tax     AT

Disallowance of legal and professional charges - When the assessee company has found FIR against Directors of the company, there cannot be any dispute that the Directors were arrayed as accused in their official capacity and these expenses are certainly business expenditure - AT

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