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Allow or not allow

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(Querist)
15 September 2011

An Assessee paid sales tax in previous year, demanded by the Sales Tax Officer for year 1885-86.

Please solve if
a) Demand is to pay tax amount
b) demand is to pay penalty
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CA Navin Jain

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CA Navin Jain (Expert)
16 September 2011 Demand included two type of payment, on is compensatory nature and second is penal nature,

Demand of compensatory nature is allowable under income tax act.

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