SANJAY DIXIT
15 February 2008 at 22:08
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Motor vehicle compensation case
Hello,
I have got a query that whether Advocate's
fees can be allowed as deduction u/s 57(3) in the following case?
Client received some compensetion after
20 years. The principal award amount is
not charged to tax as capital receipt.
But The interest amount is huge.
Now he wishes to claim deduction of lawyer's fees from interest amount as he says it was is deductible u/s 57(3).
plz reply.