TMI BlogExpenditure incurred towards levy by EU Commission - whether incurred for the purpose of carrying on its...Expenditure incurred towards levy by EU Commission - whether incurred for the purpose of carrying on its business - What has to be disallowed under Explanation 1 to Sec.37(1) is a payment made, for contravention of laws in force in India and not of any foreign country. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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