Amount paid towards penalty for breach of commercial contract by ...

Payment for Breaching Contract Deemed Compensatory, Eligible for Deduction u/s 37(1) of Income Tax Act.

April 18, 2016

Case Laws Income Tax HC

Amount paid towards penalty for breach of commercial contract by the assessee is not penal in nature, but compensatory in nature - deduction u/s 37(1) allowed - HC

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Amount paid towards penalty for breach of commercial contract by ...

Payment for Breaching Contract Deemed Compensatory, Eligible for Deduction u/s 37(1) of Income Tax Act.

April 18, 2016

Case Laws Income Tax HC

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