Disallowance of penalty paid for infringement of law - sales tax ...

Case Laws Income Tax

June 12, 2015

Disallowance of penalty paid for infringement of law - sales tax penalty - as the payment was not to compensate the loss on account of delay in making the payment, but was on account of penalty for breach of law - amount cannot be allowed u/s 37(1) - AT

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Disallowance of penalty paid for infringement of law - sales tax ...

Case Laws Income Tax

June 12, 2015

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