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EU Levy's Business Purpose Questioned: Disallowance Applies Only to Indian Law Contraventions, Not Foreign, per Explanation 1, Sec 37(1).

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....Expenditure incurred towards levy by EU Commission - whether incurred for the purpose of carrying on its business - What has to be disallowed under Explanation 1 to Sec.37(1) is a payment made, for contravention of laws in force in India and not of any foreign country.....

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