Question ID :
40545
Legacy dispute resolution case
An assessee pays around 10 lakhs
Under legacy dispute resolution scheme.
Is he entitled to claim this amount as business expense ?
Posted by
nagappan.sm
on
Jan 19, 2020
Filed Under
Customs & Excise
Yes, because expenses crystallized on the payment date. Inference -- (2014) 35 ITR (Trib) 177 (Bang-B).
Posted by
B.CHACKRAPANI WARRIER on
Jan 20, 2020
Answer ID :
80350
yes...can claim
Posted by
SIVADAS CHETTOOR on
Jan 21, 2020