1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Payment to Evade Prosecution Not Deductible Under Income-tax Act</h1> The High Court of Allahabad held that the sum of Rs. 11,265 paid by the assessee was not deductible under Section 10(2)(xv) of the Income-tax Act. The ... - The High Court of Allahabad ruled that the sum of Rs. 11,265 paid by the assessee was not an admissible deduction under Section 10(2)(xv) of the Income-tax Act. The assessee had underinsured his stock to avoid paying higher premiums, leading to a compounded offense with the Central Government. The court held that the amount was not spent wholly and exclusively for business purposes but to evade prosecution, denying the deduction. The Commissioner of Income-tax was awarded costs of Rs. 300.
TaxTMI 
TaxTMI 
