Payment to Pollution Control Board for Environmental Norms Violation does not amount to Penalty, No Disallowance under Income Tax Act: ITAT [Read Order]
The ITAT viewed that the Assessing Officer has failed to examine the order of the Pollution Control Board asking the assessee to make the payment, every payment made by the assessee would not be in penal, therefore, disallowance is not sustainable
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) has held that payment made by the assessee to the Pollution Control Board for violation of environmental norms would not be penal and held that no disallowance can be made under the Income Tax Act,1961 against this. Majhaulia Sugar Industries Pvt. Ltd, the assessee…
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