#Section 37
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638 articlesIncome Tax
Income Tax
Commitment charges paid towards foreclosure of business agreement are allowable u/s 37
Income Tax
Income Tax
Expense on medical treatment of eyes is Personal Expenditure: HC
Income Tax
Income Tax
Liability to pay additional duty allowable in the year in which such liability arises
Income Tax
Income Tax
Some important aspects of allowability of business claim and concealment of penalty
Income Tax
Income Tax
Sponsorship charges on study of daughter of Director allowable if made out of business exigency
Income Tax
Income Tax
AO cannot decide reasonableness, commercial expediency of expenditure incurred by Assessee
Income Tax
Income Tax
No disallowance of Interest if assessee has own fund more than interest free advance
Income Tax
Income Tax
Expense/Liability not allowable based on mere debit note, unless genuineness is established
Income Tax
Income Tax
Sec. 37 Commission paid to agents for procurement of order for supply of liquor not allowable
Income Tax
Income Tax
Expenditure claimed on account of maintaining corporate entity cannot be disallowed even when no business is carried out
Income Tax
Income Tax
Addition on account of ‘notional interest’ on loan given by assessee not justified
Income Tax
Income Tax
Expenditure on abandoned capital project can be claimed in year of abandoning project
Income Tax
Income Tax
Capital v. Revenue: Premium paid on buyback of shares
Income Tax
Income Tax
