https://www.taxtmi.com/caselaws?id=387414 The Tribunal upheld the disallowance of payments made to Uttaranchal Power Corporation and Sales Tax Department, citing violations of norms and penalties not allowable under section 37(1) of the Income Tax Act. Additionally, the Tribunal rejected the appellant's plea for a proportionate deduction under section 80IC, stating that disallowances related to offenses or prohibited by law cannot be considered for computing profits. Consequently, the appeal was dismissed, affirming the disallowances and denying the requested deduction. en-us Wed, 26 Jun 2019 00:00:00 +0530 Wed, 23 Oct 2019 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387414 The Tribunal upheld the disallowance of payments made to Uttaranchal Power Corporation and Sales Tax Department, citing violations of norms and penalties not allowable under section 37(1) of the Income Tax Act. Additionally, the Tribunal rejected the appellant's plea for a proportionate deduction under section 80IC, stating that disallowances related to offenses or prohibited by law cannot be considered for computing profits. Consequently, the appeal was dismissed, affirming the disallowances and denying the requested deduction. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387414