police had impounded the vehicle and put a challan for overloading and incomplete papers, we had paid a sum of rs 21000 as penalty to release the vehicle,wht should be the treatment of this transaction.
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very very very urgent
Replies (2)
if its in the nature of penalty,then it will not be allowed as it is inadmissible expense.
IT IS A PENALTY. AND WILL NOT BE ALLOWED
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