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Legal Claim of 1.78.crore allowed in IT ACt 1961

This query is : Resolved 

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.


please elaborate your query legal claim to whom govt or party

Legal claim is paid to another company.


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