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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Penal Charges paid to Sister Concern towards cost of storage - ...


Tax Authority Disallows Deduction of Penal Charges; Not Considered Ordinary Business Expenses Under Income Tax Rules.

February 29, 2012

Case Laws     Income Tax     AT

Penal Charges paid to Sister Concern towards cost of storage - deduction disallowed - AT

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