banner_ad

Penalty to mcd

This query is : Open 
Profile Image

Profile Image

(Querist)
13 May 2013 Can payment of penalty to MCD be claimed as expense?
Profile Image

Deepak Agrawal

Profile Image

Deepak Agrawal (Expert)
14 May 2013 It is highly debatable issue. However, there is good scope if you argue on the merits. You need to justify that it is not covered under explanation to section 37(1) and it is compensatory in nature. further some judgments on penalty are there to help on this:

1. Regalia Apparels Pvt. Ltd. (Bombay HC) (22 of 2013)
2.Stock and Bond Trading Company (4117 of 2010)

3. various judgment on various type of penalties.

these are available on ITAT website (https://www.itatonline.org/index.php)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details