VAT Penalties not allowable as Deduction: ITAT Bangalore Recently, ITAT Banglore in the case of Kadharegowda Siddaraju vs ITO (ITA No. 1641/Bang/2024; AY 2018-19; Dt.of Order 23/10/2024 has held that VAT Penalties cannot be allowed as Income Tax Deduction u/s 37. Let us have a Short Overview of the case: In this case,…
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