Destruction of Pan Masala stock on court's order due to impermissible limits of magnesium carbonate disallowed u/s 37(1) being prohibited…
Legal expenses to defend writ filed to quash mining lease of the company are revenue expenditure not capital expenditure and…
Disallowance u/s 37 for legal fee paid in excess of damages received in the relevant case deleted. Profit in immediate…
Voluntarily charity not business expenditure u/s 37(1). Mere assertion that it was incurred for business cannot be accepted without establishing…
In a recent judgment, ITAT Mumbai has opined that merely because an income has been taxed in the hands of…