Business expenditure - Since the assessee is engaged in the ...

Traffic Violation Penalties in Transport Business Not Classified as Business Expenditure u/s 37 Explanation.

February 18, 2012

Case Laws Income Tax AT

Business expenditure - Since the assessee is engaged in the transport business, the violation of traffic rules are quite normal for which it has to pay some penalties/fines - Since the payments were made for infraction of law, it is hit by explanation to section 37.

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Business expenditure - Since the assessee is engaged in the ...

Traffic Violation Penalties in Transport Business Not Classified as Business Expenditure u/s 37 Explanation.

February 18, 2012

Case Laws Income Tax AT

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