https://www.taxtmi.com/highlights?id=71337 Disallowance of claim of ‘surrender right fee’ - allowable business expenditure or not? - the assessee was not able to get necessary approvals and clause 3.4 provided that upon termination of the agreement as a result of failure to receipt approvals all advances granted by buyer to seller have to be returned in 30 days. - The amount to settle for an agreement allowed as expenditure - AT en-us Sat, 05 Aug 2023 08:23:29 +0530 Sat, 05 Aug 2023 08:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71337 Disallowance of claim of ‘surrender right fee’ - allowable business expenditure or not? - the assessee was not able to get necessary approvals and clause 3.4 provided that upon termination of the agreement as a result of failure to receipt approvals all advances granted by buyer to seller have to be returned in 30 days. - The amount to settle for an agreement allowed as expenditure - AT Highlights Income Tax Sat, 05 Aug 2023 08:23:29 +0530 https://www.taxtmi.com/highlights?id=71337