Payments to Canara Bank Ordered by DRT Allowable as Business Expenses Under Income Tax Act Section 37(1.

Payments to Canara Bank Ordered by DRT Allowable as Business Expenses Under Income Tax Act Section 37(1. https://www.taxtmi.com/highlights?id=15367 Allowance u/s 37(1) - Expenditure pertaining to the payment made to Canara Bank on the direction of DRT, the hypothecation defalcation - any damages allowed in this behalf even referred to as penal by DRT, do not constitute payment for infraction of law - AT en-us Tue, 29 Oct 2013 10:58:16 +0530 Tue, 29 Oct 2013 10:58:16 +0530 TaxTMI RSS Generator Payments to Canara Bank Ordered by DRT Allowable as Business Expenses Under Income Tax Act Section 37(1. https://www.taxtmi.com/highlights?id=15367 Allowance u/s 37(1) - Expenditure pertaining to the payment made to Canara Bank on the direction of DRT, the hypothecation defalcation - any damages allowed in this behalf even referred to as penal by DRT, do not constitute payment for infraction of law - AT Highlights Income Tax Tue, 29 Oct 2013 10:58:16 +0530 https://www.taxtmi.com/highlights?id=15367