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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Expenditure paid to Pune Municipal Corporation(PMC) for ...


Expenditure to Regularize Excess Area at MODI MALL is a Penalty, Not Deductible u/s 37(1) IT Act.

July 4, 2015

Case Laws     Income Tax     AT

Expenditure paid to Pune Municipal Corporation(PMC) for regularizing the excess area constructed for a building called "MODI MALL" - Is in the nature of penalty - not allowable u/s 37(1) - AT

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