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2014 (12) TMI 1155 - AT - Income TaxPayment of BMC charges - disallowance as enal in nature as per Explanation to section 37(1) of the Act - Held that:- There are series of decisions on the point wherein distinction has been carved out between the penalty paid for infraction and for irregularities. Accordingly, in the facts and circumstances of the case, we find that the payment in question does not fall under the category of a penalty for an offence which is prohibited by law. Hence the disallowance made by the Assessing Officer is deleted. - Decided in favour of assessee.
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