Disallowed Expenses


20 October 2020 TDS late Fees and Interest and ROC Fees for Increase of Capital are disallowed under which section of income tax?
Also help me for reporting in Tax audit Report?

20 October 2020 May be disallowed u/s 37(1) being wholly and exclusively spent for the purposes of business.
Supreme court decision in Bharat Commerce and Industries Ltd. Vs CIT (1985) may be referred to.

20 October 2020 In Tax Audit Report which Clause??


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