Allowance u/s 37(1) - Expenditure pertaining to the payment made ...
Case Laws Income Tax
October 29, 2013
Allowance u/s 37(1) - Expenditure pertaining to the payment made to Canara Bank on the direction of DRT, the hypothecation defalcation - any damages allowed in this behalf even referred to as penal by DRT, do not constitute payment for infraction of law - AT
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