Expenditure incurred on discontinued business unless shown to be incurred for reviving it not allowable under section 37(1) - ITAT…
Loss by shop burglary arisen during the course of business allowed u/s 37(1) even when Insurance company assessed loss at…
Allowability u/s 37(1) of fine /penalty for redemption of goods ordered to be confiscated for breach of import conditions –…
Foreign education expenses of director allowed as business expenditure u/s 37(1) being incurred in furtherance of assessee’s business interest ABCAUS…
Penalty imposed by Supreme Court for illegal mining held compensatory in nature and allowed as business expenditure u/s 37(1) of…
Presumption that commission cannot be paid for purchase wrong. No evidence that commission came back to assessee or agents were…
Interest for late payment of service tax not penal in nature but only compensatory. ITAT deletes disallowance made under section…
Commission paid to represent assessee before govt agencies for getting work held not an offence u/s 37(1) - ITAT Judgment…
RBI penalty for clerical mistakes not disallowable u/s 37. The genuine clerical mistake cannot be treated as an offense under…
Deduction for Penal excise was allowed u/s 37 as it was paid in discharging contractual obligation to indemnify department for…