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1993 (10) TMI 1 - SC - Income Tax
Whether the payment made to the Textile Commissioner by the assessee for contravention of the direction given by the Textile Commissioner was in the nature of penalty and not incidental to the carrying on of the assessee's business - Whether the payment made to the Textile Commissioner under the provisions of clause 21C(1)(b) of the Cotton Textiles (Control) Order, 1948, as amended from time to time, was business expenditure allowable u/s 28 of the Income-tax Act, 1961