Maddi Venkataraman & Co. (P) Ltd. vs Commissioner Of Income Tax
Whether expenditure incurred in violation of FERA for disposing of substandard tobacco stock can be allowed as business deduction under Section 28 or Section 37(1) of the Income Tax Act, 1961 --- Held No. Whether such payment falls under exception (j) of Rule 6DD under Section 40A(3) --- Held No.
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