No Disallowance on Debatable Environmental Compensation in section 143(1) proceeding

Majhaulia Sugar Industries Pvt. Ltd. Vs ITO (ITAT Kolkata)

The case of Majhaulia Sugar Industries Pvt. Ltd. vs. ITO (ITAT Kolkata) revolves around the nature of payments made by the assessee for violating environmental norms. This article delves into the intricacies of the case, analyzing whether such payments should be construed as penal or compensatory.

 The crux of the matter lies in determining whether the payment made by the assessee towards environmental compensation is penal in nature or merely compensatory. The appellant argued that the disallowance

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