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2010 (8) TMI 237 - PUNJAB AND HARYANA HIGH COURTRevision – AO failing to tax cash seized and later on assessee surrendered the same – Assessment order erroneous and prejudicial to interest of Revenue - it is well settled that an illegal payment made which may be an offence cannot be permissible expenditure under section 37 of the Act. In Haji Aziz and Abdul Shakoor Bros. v. CIT (1960 -TMI - 49525 - SUPREME Court), it was held by a Bench of three hon'ble judges that if a sum was paid by the assessee that may render him liable to penal action, the same could not be allowed as deductible expense - revision by CIT upheld
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