https://www.taxtmi.com/caselaws?id=178598 Redemption fine paid in lieu of confiscation of imported goods may be treated as a deductible business expense where the assessee acted in good faith and the payment was made to clear the goods in the ordinary course of business. Incentive paid to workers was not disallowable where it was linked to extra production and treated as part of salary for provident fund and E.S.I.S. purposes. Disallowance of telephone and car expenses at partners' residence was considered excessive on the available material, so the reductions were restricted to one-third for telephone and one-fifth for car expenses. en-us Thu, 05 Feb 1998 00:00:00 +0530 Tue, 09 Feb 2016 12:18:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178598 Redemption fine paid in lieu of confiscation of imported goods may be treated as a deductible business expense where the assessee acted in good faith and the payment was made to clear the goods in the ordinary course of business. Incentive paid to workers was not disallowable where it was linked to extra production and treated as part of salary for provident fund and E.S.I.S. purposes. Disallowance of telephone and car expenses at partners' residence was considered excessive on the available material, so the reductions were restricted to one-third for telephone and one-fifth for car expenses. Case-Laws Income Tax Thu, 05 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178598