Held that penalties were levied on by stock exchanges for delay in complying procedures allowable as deduction. (AY. 2009-10)
DCIT v. Edelweiss Financial Advisors Ltd. (2021) 188 ITD 834 (Ahd.)(Trib.)
S. 37(1) : Business expenditure-Penalties-Delay in compliance procedure-No disallowance can be made.