https://www.taxtmi.com/caselaws?id=178389 The Tribunal affirmed the CIT(A)'s decision to delete the addition of Rs. 12,50,000 made by the Assessing Officer under section 143(3) of the Income-tax Act for a fine paid under the Gujarat Regulation and Unauthorized Development Act, 2001. The Tribunal held that the payment was compensatory in nature and eligible for deduction under section 37(1) based on precedents, despite the Revenue's appeal against the deletion being dismissed. en-us Mon, 24 Oct 2011 00:00:00 +0530 Wed, 03 Feb 2016 17:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178389 The Tribunal affirmed the CIT(A)'s decision to delete the addition of Rs. 12,50,000 made by the Assessing Officer under section 143(3) of the Income-tax Act for a fine paid under the Gujarat Regulation and Unauthorized Development Act, 2001. The Tribunal held that the payment was compensatory in nature and eligible for deduction under section 37(1) based on precedents, despite the Revenue's appeal against the deletion being dismissed. Case-Laws Income Tax Mon, 24 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178389