https://www.taxtmi.com/caselaws?id=178801 The appeal was partly allowed with the disallowance related to tax deduction and rent payment being overturned. The disallowance of expenses towards police-imposed penalties was upheld as the penalties were deemed to be for violating traffic rules and not legitimate business expenses. The Tribunal followed a Special Bench decision, ruling that disallowance under section 40(a)(ia) applies only to amounts payable as of 31st March, not to those already paid during the previous year. en-us Fri, 20 Jul 2012 00:00:00 +0530 Thu, 15 Jun 2017 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178801 The appeal was partly allowed with the disallowance related to tax deduction and rent payment being overturned. The disallowance of expenses towards police-imposed penalties was upheld as the penalties were deemed to be for violating traffic rules and not legitimate business expenses. The Tribunal followed a Special Bench decision, ruling that disallowance under section 40(a)(ia) applies only to amounts payable as of 31st March, not to those already paid during the previous year. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178801