Penalties Paid to Stock Exchanges and Penalty on Health and Education Cess Claimed Pre-Retrospective Amendment Deleted
Penalties Paid to Stock Exchanges and Penalty on Health and Education Cess Claimed Pre-Retrospective Amendment Deleted Issue Whether payments made to stock exchanges for operational lapses (e.g., bad delivery, short delivery, client code modification) are allowable business expenditures under Section 37(1) or hit by Explanation 1 as penalties for violation of law. Whether penalty under… Read More »