Legal Claim of 1.78.crore allowed in IT ACt 1961
This query is : Resolved
16 September 2019
Dear Experts
My company has paid Rs. 1.78 crore as legal claim, is this claim allowed as deduction in P&L account as per Income Tax Act 1961, If yes, please quote any court case.
My company has paid Rs. 1.78 crore as legal claim, is this claim allowed as deduction in P&L account as per Income Tax Act 1961, If yes, please quote any court case.
Karim N Shaikh
(Expert)
16 September 2019
please elaborate your query legal claim to whom govt or party
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