S. 37(1) Settlement Charges Paid to SEBI for Violation of SEBI Provisions allowable

DCIT Vs Shri Anil Dhirajlal Ambani (ITAT Mumbai)

Facts in brief are that the assessee is an individual having proprietorship concerns namely M/s. Indian Renewable Energy Foundation and M/s. Shri. Anil Dhirajlal Ambani. The assessee has filed his return of income for the year under consideration on 28/9/2011 declaring total loss at Rs. 43,22,11,483/-. The Return of Income was processed under section 143(1) and notice under section 143(2) of the Act was issued and duly served on the assessee. Thereafter, case was selected for

Please become a Premium member. If you are already a Premium member, login here to access the full content.