https://www.taxtmi.com/caselaws?id=67151 A penalty imposed for breach of excise law was treated as a non-deductible business outlay, while a redemption fine paid to secure release of confiscated goods was characterised as compensatory and allowable. Cash payment to a railway clearing agent for freight fell within the relevant exception to section 40A(3), but cash payments to labour contractors required verification of the claimed exceptional circumstances and were remanded for fresh examination. Growth incentive allowed to stockists was treated as a discount linked to sales performance, not advertisement or publicity expenditure, and was held outside section 37(3A). en-us Wed, 17 May 1995 00:00:00 +0530 Wed, 09 Mar 2011 12:48:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67151 A penalty imposed for breach of excise law was treated as a non-deductible business outlay, while a redemption fine paid to secure release of confiscated goods was characterised as compensatory and allowable. Cash payment to a railway clearing agent for freight fell within the relevant exception to section 40A(3), but cash payments to labour contractors required verification of the claimed exceptional circumstances and were remanded for fresh examination. Growth incentive allowed to stockists was treated as a discount linked to sales performance, not advertisement or publicity expenditure, and was held outside section 37(3A). Case-Laws Income Tax Wed, 17 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67151