The payment which is punitive, is not allowable and in case the payment is compensatory, then the payment to the extent the same is of compensatory nature is to be allowed - ACIT v Khoday India Ltd. [ITA No. 338/Bang/08]
Guest (Guest) 25 July 2009
The payment which is punitive, is not allowable and in case the payment is compensatory, then the payment to the extent the same is of compensatory nature is to be allowed - ACIT v Khoday India Ltd. [ITA No. 338/Bang/08]
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