Taxpayer's Expenses Disallowed u/s 37(1) for Using Carcinogenic Substances Beyond Limits, Stock Destroyed by Authorities.

Taxpayer's Expenses Disallowed u/s 37(1) for Using Carcinogenic Substances Beyond Limits, Stock Destroyed by Authorities. https://www.taxtmi.com/highlights?id=37314 Disallowance of expense u/s 37(1) - He has used the carcinogenic substance, which is direct cause of cancer, much in excess of permissible limits, resulting in manufacture of product with substantial health hazard sand that is the reason that the related stocks had to destroyed by the law enforcement agencies. - Even if it is not treated as an offence, it is certainly prohibited in law. - Expenses cannot be allowed - AT en-us Thu, 28 Dec 2017 16:02:47 +0530 Thu, 28 Dec 2017 16:02:47 +0530 TaxTMI RSS Generator Taxpayer's Expenses Disallowed u/s 37(1) for Using Carcinogenic Substances Beyond Limits, Stock Destroyed by Authorities. https://www.taxtmi.com/highlights?id=37314 Disallowance of expense u/s 37(1) - He has used the carcinogenic substance, which is direct cause of cancer, much in excess of permissible limits, resulting in manufacture of product with substantial health hazard sand that is the reason that the related stocks had to destroyed by the law enforcement agencies. - Even if it is not treated as an offence, it is certainly prohibited in law. - Expenses cannot be allowed - AT Highlights Income Tax Thu, 28 Dec 2017 16:02:47 +0530 https://www.taxtmi.com/highlights?id=37314