demmurage expenses case law
This query is : Resolved
19 November 2009
Can ny1 please give case law stating demurrage expenses is a allowable expenses & it is not a penalty disallowable under income tax
20 November 2009
1980] 123 ITR 269 (ALL.)
HIGH COURT OF ALLAHABAD
Nanhoomal Jyoti Prasad
v.
Commissioner of Income-tax
C.S.P. SINGH AND R.R. RASTOGI, JJ.
IT REFERENCE NO. 654 OF 1975
AUGUST 6, 1979
Rgds/
CA Amitabh Gupta
Indore
09893276187
HIGH COURT OF ALLAHABAD
Nanhoomal Jyoti Prasad
v.
Commissioner of Income-tax
C.S.P. SINGH AND R.R. RASTOGI, JJ.
IT REFERENCE NO. 654 OF 1975
AUGUST 6, 1979
Rgds/
CA Amitabh Gupta
Indore
09893276187
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