Case Law Details
Case Name : M/s M.P. Gupta Vs ITO (ITAT Mumbai)
Appeal Number : ITA No. 4239/Mum/2011
Date of Judgement/Order : 31/10/2014
Related Assessment Year : 1988- 89
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
CA Prarthana Jalan
Hon’ble Mumbai ITAT has in the case of M/s M.P.Gupta, through LR. Shri Sushil Gupta v/s ITO has held that Statutory impost paid as damages, penalty or interest, if compensatory in nature, is allowable as business expenditure.The brief synopsis of the case is as under;-
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.