Court Rules Privilege Fee as Business Expenditure if Incurred to Fulfill Statutory Obligation for Business Operations.

Court Rules Privilege Fee as Business Expenditure if Incurred to Fulfill Statutory Obligation for Business Operations. https://www.taxtmi.com/highlights?id=33820 Disallowance of the payment of the privilege fee - business expenditure or not - If any assessee has incurred expenses to discharge its statutory obligation for doing of business, the same by no stretch of imagination can be termed as not for the purpose of business or profession. - HC en-us Sun, 19 Mar 2017 21:43:40 +0530 Sun, 19 Mar 2017 21:43:40 +0530 TaxTMI RSS Generator Court Rules Privilege Fee as Business Expenditure if Incurred to Fulfill Statutory Obligation for Business Operations. https://www.taxtmi.com/highlights?id=33820 Disallowance of the payment of the privilege fee - business expenditure or not - If any assessee has incurred expenses to discharge its statutory obligation for doing of business, the same by no stretch of imagination can be termed as not for the purpose of business or profession. - HC Highlights Income Tax Sun, 19 Mar 2017 21:43:40 +0530 https://www.taxtmi.com/highlights?id=33820