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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Business expenditure u/s 37 - amount paid to the widow of the ...

Case Laws     Income Tax

April 16, 2018

Business expenditure u/s 37 - amount paid to the widow of the former Managing Director of the company who passed away - The Assessing Officer should have known that 'Died in Harness' would mean that a person dies while he was in service and does not mean that while on duty. This erroneous interpretation has led to an erroneous Assessment Order. - HC

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