Expense Classification Doesn't Dictate Deduction Eligibility Under Income Tax Act Section 37(1); Substance Over Form Matters.

Expense Classification Doesn't Dictate Deduction Eligibility Under Income Tax Act Section 37(1); Substance Over Form Matters. https://www.taxtmi.com/highlights?id=24348 Disallowance of misuse charges - The mere nomenclature in the books of account does not determine the allowability or otherwise of the claim u/s 37(1) - The mere nomenclature in the books of account does not determine the allowability or otherwise of the claim - claim of expense allowed - AT en-us Sat, 22 Aug 2015 08:05:39 +0530 Sat, 22 Aug 2015 08:05:39 +0530 TaxTMI RSS Generator Expense Classification Doesn't Dictate Deduction Eligibility Under Income Tax Act Section 37(1); Substance Over Form Matters. https://www.taxtmi.com/highlights?id=24348 Disallowance of misuse charges - The mere nomenclature in the books of account does not determine the allowability or otherwise of the claim u/s 37(1) - The mere nomenclature in the books of account does not determine the allowability or otherwise of the claim - claim of expense allowed - AT Highlights Income Tax Sat, 22 Aug 2015 08:05:39 +0530 https://www.taxtmi.com/highlights?id=24348