Allowable business expenditure - compensation paid by the ...

Taxpayer's Closure Compensation Deemed Allowable Business Expense Despite Initial Contestation by Assessing Officer.

December 4, 2023

Case Laws Income Tax AT

Allowable business expenditure - compensation paid by the assessee for the closure of agreement - as per AO company to whom the compensation has been paid did not have any right and therefore compensation paid by the assessee is not allowable - Claim allowed by the CIT(A) is correct - AT

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Allowable business expenditure - compensation paid by the ...

Taxpayer's Closure Compensation Deemed Allowable Business Expense Despite Initial Contestation by Assessing Officer.

December 4, 2023

Case Laws Income Tax AT

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