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Case Law Details

Case Name : Dr. K. Senthilnathan Vs Assistant Commissioner of Income-tax, Circle XIV, Chennai (ITAT Chennai)
Appeal Number : IT Appeal NOS. 493 TO 495 (MDS.) of 2010
Date of Judgement/Order : 15/02/2012
Related Assessment Year : 2004-05 to 2006-07
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ITAT CHENNAI, (THIRD MEMBER)

Dr. K. Senthilnathan

v.

Assistant Commissioner of Income-tax, Circle XIV, Chennai

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2 Comments

  1. Iswar Korivi says:

    Dear sir,

    Our client had paid regularisation fee before he started his contract of Building. The construction made by him is not in violation of any laws. But , the Assessing officer has disallowed regularisation fee paid by my client taking into account the case of Millenium Developers P ltd.(322 ITR 401). But the regularisation fee paid by our client is not at all in the nature of penalty.

    Please suggest me whether the regularisation fee not in the nature of penalty can be allowed as a deduction under Income Tax Act, 1961.

  2. Iswar Korivi says:

    Dear sir,

    Our client had paid regularisation fee before he started his contract of Building. The construction made by him is not in violation of any laws. But , the Assessing officer has disallowed regularisation fee paid by my client taking into account the case of Millenium Developers P ltd.(322 ITR 401). But the regularisation fee paid by our client is not at all in the nature of penalty.

    Please suggest me whether the regularisation fee not in the nature of penalty can be allowed as a deduction under Income Tax Act, 1961.
    If yes, suggest any case law, if available.

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