Tag: Regulation
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Settling Regulatory Settlements: A Taxing Tale
[Bhaskar Vishwajeet is a lawyer at a law firm in New Delhi] On April 23, 2025, the Central Board of Direct Taxes issued a Notification that any expenditure incurred in settlement proceedings concerning contraventions under certain laws will not be deemed deductible from the taxable income of a settlement-seeking entity. The Notification exclusively covers only the following legislations:
