https://www.taxtmi.com/caselaws?id=782763 The SC disposed of the civil appeals as withdrawn on the appellant's request to avail remedy under the Vivaad Se Vishwas Scheme. Consequently, the SC did not examine or disturb the judgment of the HC, which had held that amounts paid by the assessee towards fine/penalty for regularisation of deviations in building construction fall within the mischief of the Explanation to Section 37(1) of the Income-tax Act and are not allowable as deductible business expenditure. The HC's legal position therefore continues to govern the parties' tax liability. en-us Thu, 27 Nov 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782763 The SC disposed of the civil appeals as withdrawn on the appellant's request to avail remedy under the Vivaad Se Vishwas Scheme. Consequently, the SC did not examine or disturb the judgment of the HC, which had held that amounts paid by the assessee towards fine/penalty for regularisation of deviations in building construction fall within the mischief of the Explanation to Section 37(1) of the Income-tax Act and are not allowable as deductible business expenditure. The HC's legal position therefore continues to govern the parties' tax liability. Case-Laws Income Tax Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782763