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2012 (8) TMI 58 - ITAT DELHI
Deduction u/s 37(1) -Payment of compounding fee in lieu of an offence - whether or not penal in nature - legal principles, namely, “ratio decidendi” and the doctrine of stare decisis “Stare decisis et non quieta movere” - held that:- After analyzing and referring various case laws matter remanded back to CIT(A) with the directions to decide the same in accordance with law requiring him to call for and examine the provisions of the Specific Scheme which empowered the GDA to collect the compounding fee.