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Sum paid by co. to protect its business interest was allowable business exp.: Mumbai ITAT
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Corporate Tax
Sum paid by co. to protect its business interest was allowable business exp.: Mumbai ITAT
Posted on
on
March 7, 2018
Tenet Tax Daily March 06 2018
By
tenettax-team
Corporate Tax
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Commission paid by assessee to various agents in order to secure orders from other countries and to ensure payment is to be allowed under section 37(1)
ITAT allowed Rs. 1 crore relief claimed u/s 54EC as assessee invested Rs. 50 lakh each in 2 diff. FY
