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1992 (10) TMI 269 - ALLAHABAD HIGH COURTExtract: .......f the Employees Provident Funds and Miscellaneous Provisions Act, 1952 amounted to penalty having been paid for infraction of law and, hence, was not allowable as business expenditure. Following the said decision, we answer this question in the negative, that is, in favour of the revenue and against the assessee. There will be no order as to costs.
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