Tag: allowability 37(1)

Destruction of Pan Masala stock on court’s order due to impermissible limits disallowed u/s 37(1) being prohibited by law – ITAT

Destruction of Pan Masala stock on court’s order due to impermissible limits of magnesium carbonate disallowed u/s 37(1) being prohibited by law and not incurred for the purpose of business – ITAT   ABCAUS Case Law Citation: ABCAUS 2124 (2017) (11) ITAT The Challenge/Grievance: The instant appeal was …