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Income Tax - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Claim of deduction of expenditure u/s 37(1) - Provision for ...


Deduction for Audit Fees u/s 37(1) Scrutinized; Verification of Payee's Tax Payment Obligations Required.

December 25, 2020

Case Laws     Income Tax     AT

Claim of deduction of expenditure u/s 37(1) - Provision for audit fees - the matter requires examination and verification of fact that the payee has discharged its obligation to pay the taxes on Audit fees. - AT

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