SEBI Settlement Payment Recognized as Revenue Expenditure u/s 37(1) of Income Tax Act, Ensuring Business Continuity.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition on account of revenue expenditure u/s 37(1) - The fee is paid for the purpose of business to settle a dispute with the regulator SEBI and to be able to conduct its business without interruption - claim of expenditure allowed.....