ITAT deletes Disallowance on account of Legal Fees and Settlement Amount [Read Order]

ITAT deletes - disallowance on account of legal fees - settlement amount - taxscan

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance on account of legal fees and settlement amount. The assessee, M/s Omni Active Health Technologies Ltd. is a company engaged in the business of manufacturing and trading of Nutraceuticals products and filed its returns of income declaring total income. During the course…

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