TMI BlogDisallowance made u/s. 37(1) on account of penal excise duty debited in P & L Account - when the amount...Disallowance made u/s. 37(1) on account of penal excise duty debited in P & L Account - when the amount is not penalty in nature, explanation of Section 37 will not come into play - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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