https://www.taxtmi.com/caselaws?id=63353 The Tribunal upheld the disallowance of penalties imposed by the Enforcement Directorate and the Delhi Development Authority on the assessee. It ruled that penalties for violations of law during business activities are not deductible expenses, following legal precedents and principles set by higher courts. The penalties for breaching FERA and building by-laws were deemed not incidental to the business, leading to the dismissal of the appeal. en-us Fri, 28 May 1982 00:00:00 +0530 Sat, 29 Jan 2011 15:22:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63353 The Tribunal upheld the disallowance of penalties imposed by the Enforcement Directorate and the Delhi Development Authority on the assessee. It ruled that penalties for violations of law during business activities are not deductible expenses, following legal precedents and principles set by higher courts. The penalties for breaching FERA and building by-laws were deemed not incidental to the business, leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 28 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63353