The income tax department has announced that taxpayers cannot claim deductions for expenses related to settling legal proceedings under four specific laws. This notification, issued by the CBDT on April 23, disallows deductions for expenditures arising from contraventions or defaults under acts governing securities, contracts, depositories, and competition. Post navigation Novo Nordisk to continue largest insulin brand Mixtard supply in vials amid penfill device phase-out Airtel seeks swap of dues to government with equity like Vi
