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1996 (10) TMI 5 - SC - Income Tax
Claim for deduction of expenditure for the purpose of business under section 37(1) - amounts paid to the Madhya Pradesh sales tax authorities under the provisions of section 8(2) and 17(3) of the Madhya Pradesh General Sales Tax Act, 1958 - held that penalty levied under section 8(2) and 17(5) of the Madhya Pradesh General Sales Tax Act paid by the assessee is not a allowable expenditure