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![VAT Penalties cannot be allowed as Income Tax Deduction u/s 37: ITAT [Read Order] VAT Penalties cannot be allowed as Income Tax Deduction u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-Income-Tax-Deduction-VAT-ITAT-Bangalore-Section-37-TAXSCAN.jpg)
VAT Penalties cannot be allowed as Income Tax Deduction u/s 37: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore Bench, has clarified that penalties levied under the Value Added Tax ( VAT ) cannot be claimed...