https://www.taxtmi.com/highlights?id=23990 Payment made on account of royalty to State Govt - payment of royalty in excess of 20% - Section 6A(4) of the Oilfield (Exploration and Development Act), 1948 - Certainly, we cannot liken it to hafta or extortion money, which appears to have been the intention - the amounts, which were paid, would not incur the opprobrium of being in violation of Section 37 - expenditure allowed - HC en-us Thu, 30 Jul 2015 11:25:02 +0530 Thu, 30 Jul 2015 11:25:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=23990 Payment made on account of royalty to State Govt - payment of royalty in excess of 20% - Section 6A(4) of the Oilfield (Exploration and Development Act), 1948 - Certainly, we cannot liken it to hafta or extortion money, which appears to have been the intention - the amounts, which were paid, would not incur the opprobrium of being in violation of Section 37 - expenditure allowed - HC Highlights Income Tax Thu, 30 Jul 2015 11:25:02 +0530 https://www.taxtmi.com/highlights?id=23990