Disallowing damages u/s 37 of the Income Tax Act applies only to legal infringements, not applicable here.

Disallowing damages u/s 37 of the Income Tax Act applies only to legal infringements, not applicable here. https://www.taxtmi.com/highlights?id=50215 Disallowance of damages u/s 37 - only those payments which have been made for infringement of law shall not be allowed as revenue expenditure. Since, the said payment/deduction was not towards any offence or infringement of law therefore the disallowing the same is not tenable on part of the AO. en-us Thu, 14 Nov 2019 17:58:19 +0530 Thu, 14 Nov 2019 17:58:19 +0530 TaxTMI RSS Generator Disallowing damages u/s 37 of the Income Tax Act applies only to legal infringements, not applicable here. https://www.taxtmi.com/highlights?id=50215 Disallowance of damages u/s 37 - only those payments which have been made for infringement of law shall not be allowed as revenue expenditure. Since, the said payment/deduction was not towards any offence or infringement of law therefore the disallowing the same is not tenable on part of the AO. Highlights Income Tax Thu, 14 Nov 2019 17:58:19 +0530 https://www.taxtmi.com/highlights?id=50215