Holding that paying ransom to save a life is not an offence, the Madhya Pradesh High Court has, in a significant judgement, allowed a businessman to claim reduction in his tax liability for ransom he paid for his release from the clutches of kidnappers.
HC allows MP bizman tax benefit for ransom paid to kidnappers, IBN Live News
HC allows MP bizman tax benefit for ransom paid to kidnappers, IBN Live News