ITAT: Anil Ambani's Rs. 50cr "consent/settlement charges" payment to SEBI a deductible business expense


Conclusion

Mumbai ITAT confirms CIT(A)'s Rs. 50cr relief to industrialist Anil Ambani, allows Sec. 37(1) deduction for 'consent' fees /"settlement charges" paid by Mr. Ambani w.r.t charges of...

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