https://www.taxtmi.com/caselaws?id=253882 Statutory surcharge on sales tax and turnover tax paid under the relevant accounting system was deductible in computing business income, as the liability arose under state enactments and was examined with reference to section 43B. Expenditure on purchasing and handing over laboratory equipment to Government laboratories was not deductible, because a business nexus alone was insufficient and the outgoing did not satisfy the test of being laid out wholly and exclusively for business purposes. The assessee therefore succeeded on the statutory liability claim but failed on the laboratory equipment expenditure claim, resulting in partial allowance of the appeals. en-us Thu, 28 Aug 2014 00:00:00 +0530 Tue, 24 Feb 2015 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253882 Statutory surcharge on sales tax and turnover tax paid under the relevant accounting system was deductible in computing business income, as the liability arose under state enactments and was examined with reference to section 43B. Expenditure on purchasing and handing over laboratory equipment to Government laboratories was not deductible, because a business nexus alone was insufficient and the outgoing did not satisfy the test of being laid out wholly and exclusively for business purposes. The assessee therefore succeeded on the statutory liability claim but failed on the laboratory equipment expenditure claim, resulting in partial allowance of the appeals. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253882