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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Redemption fine payable for irregularities or illegalities ...

Case Laws     Income Tax

February 27, 2019

Redemption fine payable for irregularities or illegalities committed in the process of importing the goods. is nature of penalty paid for the infraction of law - not allowable as business expenditure u/s 37.

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