Settlement charges paid to SEBI - penalty paid for infraction of ...

SEBI Settlement Charges Deemed Allowable Expenditures u/s 37(1) of Income Tax Act, Not Bribes or Extortion.

June 11, 2018

Case Laws Income Tax AT

Settlement charges paid to SEBI - penalty paid for infraction of law - payment was neither in the nature of protection money, nor extortion, nor hafta nor bribe nor a payment for a purpose namely, settlement, which can be said to be “an offence” or which can be said to be “prohibited by law” - allowable expenditure u/s 37(1)

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Settlement charges paid to SEBI - penalty paid for infraction of ...

SEBI Settlement Charges Deemed Allowable Expenditures u/s 37(1) of Income Tax Act, Not Bribes or Extortion.

June 11, 2018

Case Laws Income Tax AT

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