IT : Expenditure incurred on professional fees to defend directors of assessee-company who were arrested under NDPS Act, 1985 could not be allowed being squarely covered within meaning of Explanation to section 37(1)

IT : Expenditure incurred on professional fees to defend directors of assessee-company who were arrested under NDPS Act, 1985 could not be allowed being squarely covered within meaning of Explanation to section 37(1)



[2013] 35 taxmann.com 480 (Mumbai - Trib.)

IN THE ITAT MUMBAI BENCH 'C'

OPM International (P.) Ltd.