Deduction u/s 37(1) ::

Last updated: 07 September 2007

Court :
HC

Brief :
Held by hon"ble court that as the expenditure was incurred on purely commercial basis and as no deficiency was found in books of accounts the assessee was entitled to claim deduction for expenses incurred u/s 37(1).

Citation :
C.I.T Vs. Bhushan Dua

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