Disallowance of Penalty
This query is : Resolved
01 June 2011
Whether payment of penalty of Rs. 15050 under the Standard Weights & Measurement Act is to be disallowed while computing income from business? If disallowed, under which section?
01 June 2011
Yes It will be Disallowed u/s 37.
Refer Millenia Developers Case.
Refer Millenia Developers Case.
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