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Income Tax - Highlights / Catch Notes

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Deduction u/s 37(1) - Nature of payment - Whether shaman shulk ...

Income Tax

July 31, 2013

Deduction u/s 37(1) - Nature of payment - Whether shaman shulk paid to Excise Department is penal in nature - The amount cannot be treated to be penalty, which can be disallowed - HC

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