1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Penalties under Sales Tax Act not deductible as business expenditure</h1> The Bombay HC held that penalties under section 36(3) of the Sales Tax Act are not deductible as business expenditure, deeming them penal rather than ... Fines And Penalties, Sales Tax, Business Expenditure, Compensatory The Bombay High Court ruled that penalty levied under section 36(3) of the Sales Tax Act is not deductible as business expenditure. The court referenced previous decisions to support its conclusion. The court held that the penalty is penal in nature and not compensatory. The judgment favored the Revenue and concluded the reference with no costs.
TaxTMI 
TaxTMI 
