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compensation paid by doctors

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(Querist)
12 May 2010 if compensation is paid by doctor for out of court settlement than such payment can be claimed as expenditure?? if yes than what documents are required??
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taxindiaconnect

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taxindiaconnect (Expert)
13 May 2010 Could not find a direct case law, however under section 37(1) it seems to be allowable under commercial expediency as the expenditure is done to save the business / goodwill of the the business. The settlement deed along with the payment evidence would be required to claim the expenditure.
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