#Section 37
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638 articlesIncome Tax
Income Tax
Section 37- Redemption fine paid under Customs Act, 1962 is allowable expenditure
Income Tax
Income Tax
No disallowance of lawful expense for mere non-compliance with Company law provisions
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Expenditure on education of director is personal expenses and not allowable
Income Tax
Income Tax
Allow deduction of Interest Paid to Government under Income Tax Act – ICAI
Income Tax
Income Tax
Provision for foreseeable loss made in accordance with guidelines of AS-7 allowable
Income Tax
Income Tax
Disallowance on account of bad debt & advances written off not justifed
Income Tax
Income Tax
Deduction can be claimed in respect of a crystallized liability
Income Tax
Income Tax
S. 37 Expenses on gifts distributed among members & staff in the course of business is allowable
Income Tax
Income Tax
Reimbursement of expenses cannot be treated as fees for technical services
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Income Tax
CBDT Circular disallowing expenditure on freebies to medical practitioners is valid
Income Tax
Income Tax
Commission/bonus paid to the Directors of the assessee company for business expediency would not fall under section 36(1)(ii)
Income Tax
Income Tax
Assessee is entitled to deduction for society charges for the property given on rent
Income Tax
Income Tax
Stamp duty paid during the course of amalgamation and compensation paid to employees under VRS scheme is deductible as revenue expense
Income Tax
Income Tax
