Legal Expenses Denied: Dispute Between Shareholder Groups Over Company Control Not Deductible as Business Expenses.

Legal Expenses Denied: Dispute Between Shareholder Groups Over Company Control Not Deductible as Business Expenses. https://www.taxtmi.com/highlights?id=50152 Disallowance of legal expenses - the complaint filed before the Chief Metropolitan Magistrate Court has been made against the Directors / Shareholders in individual capacities. The entire dispute between the various group of shareholders was only to acquire the management and control of the appellant company and, therefore, these expenses are not expenses incurred for and on behalf of the company. en-us Mon, 11 Nov 2019 09:31:50 +0530 Mon, 11 Nov 2019 09:31:50 +0530 TaxTMI RSS Generator Legal Expenses Denied: Dispute Between Shareholder Groups Over Company Control Not Deductible as Business Expenses. https://www.taxtmi.com/highlights?id=50152 Disallowance of legal expenses - the complaint filed before the Chief Metropolitan Magistrate Court has been made against the Directors / Shareholders in individual capacities. The entire dispute between the various group of shareholders was only to acquire the management and control of the appellant company and, therefore, these expenses are not expenses incurred for and on behalf of the company. Highlights Income Tax Mon, 11 Nov 2019 09:31:50 +0530 https://www.taxtmi.com/highlights?id=50152