The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the compounding fee paid to the Legal Metrology department is allowable as an expenditure under Section 37 of the Income Tax Act, 1961. Before the authorities, the assessee claimed that the compounding fees levied by the Legal Metrology department, Nagpur was compensatory […]
The post Compounding Fee paid to Legal Metrology Dept is an allowable Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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