[aaykarbhavan] Compounding fee paid to municipality on deviation from sanctioned plan was in nature of penalty, disallowable

 

Compounding fee paid to municipality on deviation from sanctioned plan was in nature of penalty, disallowable

November 11, 2014[2014] 49 taxmann.com 565 (Punjab & Haryana)

IT : Amount paid by assessee to Municipal Corporation on account of compounding fee as compensation for condoning deviations from original sanctioned plan being in nature of penalty would not be allowable as deduction in view of Explanation to secton 37(1)

IT : Value of goods sent by assessee to Prime Minister Relief Fund for Gujarat Earthquake relief not being on account of commercial expendiency, it could not be allowed as deduction under section 37(1)

IT : Donation by way of clothes sent to Prime Minister Relief Fund for Gujarat Earthquake relief being in kind and not in cash, cheque or draft, in view of Explanation 5 to section 80G, Tribunal was justified in declining benefit of said donation

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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