Parent Company Income Assessment Doesn't Guarantee Expenditure Allowance u/s 37(1) of Income Tax Act.

Parent Company Income Assessment Doesn't Guarantee Expenditure Allowance u/s 37(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=12693 The mere fact that the income has been assessed in the hands of the parent company of the assessee would not be demonstrative of the allowability of the expenditure under Section 37(1) - HC en-us Fri, 17 May 2013 12:05:44 +0530 Fri, 17 May 2013 12:05:44 +0530 TaxTMI RSS Generator Parent Company Income Assessment Doesn't Guarantee Expenditure Allowance u/s 37(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=12693 The mere fact that the income has been assessed in the hands of the parent company of the assessee would not be demonstrative of the allowability of the expenditure under Section 37(1) - HC Highlights Income Tax Fri, 17 May 2013 12:05:44 +0530 https://www.taxtmi.com/highlights?id=12693