hello..
should i disallow penalty levied by a local authority ( Indore Development Authoritty) while preparing ITR.
1 Replies
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 05 September 2013
Dear,
yes, if the penalty is in the nature of infraction of law, then the same should be disallowed.
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