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1989 (7) TMI 342 - CALCUTTA HIGH COURTExtract: .......ductible amount, be it compensation or be it penalty, payable in addition to the tax cannot be allowed as a deduction in computing total income. 12. We, therefore, answer the question in this reference in the affirmative and in favour of the revenue and against the assessee. 13. The assessee shall pay cost of this reference. Banerjee, J. - I agree.
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