Tag Archives: section 37 income tax

Expenses Dislallowed if prohibited by law Like Gifts to Doctors : Supreme Court

By | March 7, 2022
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Expenses Dislallowed if ‘prohibited by law’ Like Gifts to Doctors : Supreme Court SUPREME COURT OF INDIA Apex Laboratories (P.) Ltd. v. Deputy Commissioner of Income-tax LTU UDAY UMESH LALIT AND S. RAVINDRA BHAT, JJ. CIVIL APPEAL NO. 1554 OF 2022 FEBRUARY  22, 2022 Ganesh, Sr. Adv., T. Sundar Ramanathan, Adv., M.P. Devanath, AOR, Vivek Pandey, Ishaan Chakrabarti, and Ms. Harshapreetha Sridharan, Advs. for… Read More »

Provision for Pay Revision is allowable Business Exp :HC

By | April 1, 2020
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The position in the current case is that the liability had already arisen with certainty. The committee was constituted for the purpose of wage revision. That the wages would be revised was a foregone conclusion. Merely because the making of the report and implementation thereof took time, it could not be said that there was… Read More »