https://www.taxtmi.com/caselaws?id=253028 The Tribunal allowed the appeal of the assessee, confirming the payment of Rs. 75,00,000 as a redemption fine and not deemed income under Section 69C. The Tribunal held that the redemption fine was compensatory in nature and allowable as a business expenditure, sourced legitimately from the assessee's sister concern. The Tribunal emphasized that the fine enhanced the cost of goods and was not a penalty. The decision was rendered on 31st October 2014. en-us Fri, 31 Oct 2014 00:00:00 +0530 Wed, 12 Nov 2014 08:18:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253028 The Tribunal allowed the appeal of the assessee, confirming the payment of Rs. 75,00,000 as a redemption fine and not deemed income under Section 69C. The Tribunal held that the redemption fine was compensatory in nature and allowable as a business expenditure, sourced legitimately from the assessee's sister concern. The Tribunal emphasized that the fine enhanced the cost of goods and was not a penalty. The decision was rendered on 31st October 2014. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253028