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1982 (3) TMI 52 - BOMBAY HIGH COURTExtract: .......nature of a penalty as in the case of a breach of a penal provision of the law. In our view, the Tribunal was justified in holding that the assessee-company was entitled to the deduction of Rs. 30,800. Accordingly, the question referred has to be answered in the affirmative and in favour of the assessee. The assessee to get costs of this reference.
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