https://www.taxtmi.com/caselaws?id=5409 SC partly allowed the appeal, remitting the assessee's claims under s.37(1) for interest paid on delayed sales tax and damages for delayed ESI contributions to the Income-tax Appellate Tribunal, Bombay, for fresh factual and legal consideration of whether those imposts are compensatory and thus deductible. The court affirmed the concurrent finding of fact that the portion of miscellaneous expenses claimed as entertainment expenses was not legally question-worthy and answered against the assessee. The matter was otherwise remitted for determination in light of the court's guidance. en-us Tue, 06 Apr 1993 00:00:00 +0530 Thu, 23 Oct 2025 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5409 SC partly allowed the appeal, remitting the assessee's claims under s.37(1) for interest paid on delayed sales tax and damages for delayed ESI contributions to the Income-tax Appellate Tribunal, Bombay, for fresh factual and legal consideration of whether those imposts are compensatory and thus deductible. The court affirmed the concurrent finding of fact that the portion of miscellaneous expenses claimed as entertainment expenses was not legally question-worthy and answered against the assessee. The matter was otherwise remitted for determination in light of the court's guidance. Case-Laws Income Tax Tue, 06 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5409