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Expenses Claim u/s 37(1) for Litigation and Settlement Disallowed; Transition to Lawyer Not Sufficient Justification.
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....Claim of expenses u/s 37(1) - litigation and settlement expenses - during the legal proceedings, the appellant switched gear and became a lawyer in order to settle the dues of the company and discharge his personal guarantee. - claim of expenditure not allowed.....
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TaxTMI