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![Redemption Fine not allowable as Business Expenditure: Bombay High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/03/Redemption-Fine-Bombay-High-Court-Taxscan.jpg "Redemption Fine not allowable as Business Expenditure: Bombay High Court [Read Judgment]")
Redemption Fine not allowable as Business Expenditure: Bombay High Court [Read Judgment]
A division bench of the Bombay High Court has held that the redemption fine paid to the customs department for violation of law cannot be allowed as...