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Section 37

This query is : Resolved 
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(Querist)
03 September 2009 Is Penalty Paid for the purpose of business and profession an allowable expenditure for the purpose of tax calculation.
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
03 September 2009 No it is not allowable
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
03 September 2009 undoubtly , NOT ALLOWED
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