Held that penalty levied on the assessee under State VAT law on seizure of its truck, carrying finished goods, with wrong way bill cannot be allowed as business expenditure. As the issue under consideration is pending before Commr. Of Commercial Taxes, and has not reached finality, liberty is given to the assessee to file application under S. 154 in case the issue pending before the first appellate authority is decided in favour of the assessee or it is adjudicated as compensation or compounding. (AY. 2014-15 to 2016-17)
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