https://www.taxtmi.com/highlights?id=13608 Merely because, a subsidiary company did not fulfil its obligations, that will not render the transaction illegal and consequently, it cannot be held that the expenditure laid out or incurred is not wholly for the business - HC en-us Sat, 27 Jul 2013 10:07:04 +0530 Sat, 27 Jul 2013 10:07:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=13608 Merely because, a subsidiary company did not fulfil its obligations, that will not render the transaction illegal and consequently, it cannot be held that the expenditure laid out or incurred is not wholly for the business - HC Highlights Income Tax Sat, 27 Jul 2013 10:07:04 +0530 https://www.taxtmi.com/highlights?id=13608