Sec. 37(1)

Sec. 37(1), Sec. 260A, Sec. 43(3), Section 32

S.C : Whether Rs. 12,24,700/- claimed as revenue expenditure by the Association of persons which was constituted by the three partners of the erstwhile firm, MGBW, can be allowed as permissible deduction in the hands of the said Association of persons under Section 37 of the Income-Tax Act, 1961, as being laid out or expended wholly and exclusively for the purpose of business of the said Association of Persons?

Supreme Court Of India Mangalore Ganesh Beedi Works vs. CIT, Mysore Section : 37(1), 32, 43(3), 260A Madan B. Lokur

Scroll to Top
Malcare WordPress Security