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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Disallowance of penalty for violation of the bye-laws of the ...

Case Laws     Income Tax

August 11, 2012

Disallowance of penalty for violation of the bye-laws of the Stock exchange - payment made for violation of their regulation are not on account of an offence or which is prohibited by law and the invocation of explanation to Sec. 37 of the I.T. Act 1961 is not justified - AT

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