The Central Government notifies that no deduction shall be allowed for any expenditure incurred in settling proceedings initiated in connection with any contravention or default.

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..../2025 Dated:- 23-4-2025 Income Tax Act, 1961<br>Income Tax<br>Miscellaneous<br>Inc.Tax Act 1961<br>MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO....

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.... deemed to have been incurred for the purpose of business or profession and no deduction or allowance shall be made in respect of such expenditure, namely:- (a) the Securities and Exchange Bo....