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Income Tax - Highlights / Catch Notes

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Allowable expenditure u/s 37(1) - Settlement charges paid to ...


Settlement Costs Allowed as Tax Deductible u/s 37(1) Despite Legal Infraction Involvement.

June 11, 2018

Case Laws     Income Tax     AT

Allowable expenditure u/s 37(1) - Settlement charges paid to SEBI - penalty paid for infraction of law - payment was made without admitting or denying the guilt - claim of expenditure allowed.

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