Legal Fees for FIR Against Directors Qualify as Business Expenses, Says Court in Favor of Assessee Company.

Legal Fees for FIR Against Directors Qualify as Business Expenses, Says Court in Favor of Assessee Company. https://www.taxtmi.com/highlights?id=36959 Disallowance of legal and professional charges - When the assessee company has found FIR against Directors of the company, there cannot be any dispute that the Directors were arrayed as accused in their official capacity and these expenses are certainly business expenditure - AT en-us Thu, 23 Nov 2017 13:41:37 +0530 Thu, 23 Nov 2017 13:41:37 +0530 TaxTMI RSS Generator Legal Fees for FIR Against Directors Qualify as Business Expenses, Says Court in Favor of Assessee Company. https://www.taxtmi.com/highlights?id=36959 Disallowance of legal and professional charges - When the assessee company has found FIR against Directors of the company, there cannot be any dispute that the Directors were arrayed as accused in their official capacity and these expenses are certainly business expenditure - AT Highlights Income Tax Thu, 23 Nov 2017 13:41:37 +0530 https://www.taxtmi.com/highlights?id=36959