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Compounding fee paid to RBI isn’t in nature of penalty; eligible for deduction

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  • Compounding fee paid to RBI isn’t in nature of penalty; eligible for deduction
Posted onon August 6, 2016

Tenet Tax Daily July 25 2016

By tenettax-team
Corporate Tax

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Sum paid to facilitate Call Centers to communicate with USA customers held as ‘royalty’
AO couldn’t make reassessment on mere suspicion due to huge cash withdrawal by assessee from bank

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