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Income Tax - Highlights / Catch Notes

Home Highlights July 2017 Year 2017 This

Disallowing of Peak load violation charges paid to PSEB - nature ...


Peak Load Violation Charges Disallowed as Business Expense; Deemed Penalty by Punjab State Electricity Board.

July 18, 2017

Case Laws     Income Tax     AT

Disallowing of Peak load violation charges paid to PSEB - nature of expenditure - assessee failed to prove that the claim was not penal in nature - expenditure was rightly disallowed

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