Deduction u/s 37(1) - penalty paid to the Apparel Export ...

High Court Allows Deduction of Penalty as Business Expenditure u/s 37(1) of Income Tax Act for Export Obligation Failure.

July 5, 2013

Case Laws Income Tax HC

Deduction u/s 37(1) - penalty paid to the Apparel Export Promotion Council - Forfeiture of gurantee - failure to fulfil the obligation to export - deduction allowed - HC

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Deduction u/s 37(1) - penalty paid to the Apparel Export ...

High Court Allows Deduction of Penalty as Business Expenditure u/s 37(1) of Income Tax Act for Export Obligation Failure.

July 5, 2013

Case Laws Income Tax HC

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