compounding fine to the Bangalore City Corporation as an expenditure under Section 37 of the Act. However, the Assessing Officer disallowed the said claim. Aggrieved ... made an offence under Section 436 of the Corporation Act; in view of the Explanation to Section 37 of the Act which in specific terms
under the same section, i.e., section 28 of the Act.
This amount is not hit by Explanation 1 to Sec 37 ... follows:
It is proposed to insert an explanation after sub -section (i) of section
37 to clarify that no allowance shall be made in respect
income from business as per the
provision of Explanation to Section 37(1) of the Act. Section 37(1) of the Act
provides that ... Profits and gains of business or profession".
Explanation to Sec.37(1) lays down as follows:
"For the removal of doubts
allowable for a deduction as per explanation below sec. 37(1)
of the I.T. Act, 1961. Accordingly, a show cause notice ... respect of an offence. Hence,
explanation (1) to sec. 37(1) has no application to the facts of
its case
erred in enhancing the disallowance under section 37 of the Act, to
Rs.43,64,500/-.
1.2 The appellant prays that the disallowance ... Bangalore City Corporation and claimed the
same as an expenditure under section 37 . The Assessing Officer
disallowed the assessee's claim. On appeal
compounding fine to the Bangalore City Corporation as an expenditure under section 37 of the Act. However, the Assessing officer disallowed the said claim. Aggrieved ... made as an offence under section 436 of the Corporation Act; in view of explanation to section 37 of the Act which in specific terms
mind, the restrictions placed under clause (b) of sub-
section (1) of Section 37 are also to be factored in. The
conditions imposed ... section (1) of Section 37 is
that (i) the Public Prosecutor ought to be given an
opportunity to oppose the application moved by an
accused
making disallowance of
Rs.4,53,68,624/- u/s 37(1) out of Toll and Trip expenses (Rs.2,14,20,553/-) and
Repairs ... believe that any person to whom a
summons under sub-section (1) of section 37 of the Indian Income
making disallowance of
Rs.4,53,68,624/- u/s 37(1) out of Toll and Trip expenses (Rs.2,14,20,553/-) and
Repairs ... believe that any person to whom a
summons under sub-section (1) of section 37 of the Indian Income
making disallowance of
Rs.4,53,68,624/- u/s 37(1) out of Toll and Trip expenses (Rs.2,14,20,553/-) and
Repairs ... believe that any person to whom a
summons under sub-section (1) of section 37 of the Indian Income
