Expenses of Group Companies - Can a deduction be allowed for the ...

Expenses for Covering Liabilities and Written-off Debts Qualify as Business Expenditure for Tax Deduction.

June 21, 2023

Case Laws Income Tax HC

Expenses of Group Companies - Can a deduction be allowed for the expenditure incurred by appellant to meet the liability of the another company and for the debts written off in the books? - Bad debts - These expenditure/debts should be treated as having been incurred for the purpose of business and directly relatable to the business of the assessee and thus eligible for deduction as business expenditure/loss - HC

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Expenses of Group Companies - Can a deduction be allowed for the ...

Expenses for Covering Liabilities and Written-off Debts Qualify as Business Expenditure for Tax Deduction.

June 21, 2023

Case Laws Income Tax HC

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