Section 37

Section 37 of the Income Tax Act: Scope, Interpretation, and Judicial Insights

Section 37 of the Income Tax Act, 1961, serves as a legislative safety net — an all-encompassing residuary clause that catches within its fold every […]

Income Tax Act, Section 37

Section 37 of the Income Tax Act: HC Clarifies Treatment of Compensation Paid to Subsidiaries

Business operations are inherently complex, particularly for large organizations managing multiple subsidiaries. Each subsidiary carries its own set of operational risks and challenges, and these […]