Money spent by Harish Salve on scholarships for students allowable u/s 37(1) of Income Tax Act: ITAT

Money spent by Harish Salve on scholarships for students allowable u/s 37(1) of Income Tax Act: ITAT

The Income Tax Appellate Tribunal (ITAT) has held that the sum of money paid by Senior Advocate Harish Salve towards scholarships of two students at Oxford University is to be treated as revenue expenditure for the purposes of Section 37(1) of the Income Tax Act.

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