Amount paid for compounding of offence not allowable u/s 37(1) of the Income Tax Act, 1961

DETAILS OF CASE LAW

IN THE CASE OF : Millennia Developers Pvt. Ltd. Vs DCIT, Appeal No.:ITA No. 810/2009, Decided by: HIGH COURT OF KARNATAKA, Decided on: January 19, 2010

RELEVANT PARAGRAPHS:

8. The  appeal is sought for admission on the following questions of law:-

i) Whether in law, the Tribunal was justified in upholding the dis allowance of payment of Rs.4,4

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