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Since the penalty is levied by HPCL for non-fulfillment of some dealership condition falls within the purview of business expenditure hence the same is allowable expenditure u/s 37 of the Income-tax Act 1961 - Tri

Income Tax - Since the penalty is levied by HPCL for non-fulfillment of some dealership condition falls within the purview of business expenditure, hence the same is allowable expenditure u/s 37 of th .....

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