Earnest Money Forfeiture Deductible u/s 37(1) of the Income Tax Act, Excluded from Section 36(1)(viia) Coverage.

Deduction u/s 37(1) - earnest money forfeited - As such the alleged amount though is not covered by the provisions of Section 36(1)(viia) but certainly it will be allowable u/s 37(1) .....

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