If a sum was paid by the assessee that may render him liable to ...

High Court Upholds Revision u/s 263: Penal Payments Not Deductible as Expenses for Tax Purposes.

February 10, 2011

Case Laws Income Tax HC

If a sum was paid by the assessee that may render him liable to penal action, the same could not be allowed as deductible expense – revision u/s 263 upheld -HC

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If a sum was paid by the assessee that may render him liable to ...

High Court Upholds Revision u/s 263: Penal Payments Not Deductible as Expenses for Tax Purposes.

February 10, 2011

Case Laws Income Tax HC

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