https://www.taxtmi.com/caselaws?id=339638 Penal payments for traffic violations under the Motor Vehicles Act were held to fall within Explanation 1 to section 37(1) and were therefore not deductible, but the remaining transport-related voucher expenditure was not fully disallowed where the supporting records showed vehicle numbers and the explanation was not disproved. The cash loss allegedly caused by fire was treated as a business deduction because the fire was undisputed, the cash collection trail was identified, and the delayed entry was reasonably explained by communication delay between the warehouse and head office. The result was partial relief on distribution charges and allowance of the cash-loss claim. en-us Wed, 01 Mar 2017 00:00:00 +0530 Sat, 04 Mar 2017 13:49:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339638 Penal payments for traffic violations under the Motor Vehicles Act were held to fall within Explanation 1 to section 37(1) and were therefore not deductible, but the remaining transport-related voucher expenditure was not fully disallowed where the supporting records showed vehicle numbers and the explanation was not disproved. The cash loss allegedly caused by fire was treated as a business deduction because the fire was undisputed, the cash collection trail was identified, and the delayed entry was reasonably explained by communication delay between the warehouse and head office. The result was partial relief on distribution charges and allowance of the cash-loss claim. Case-Laws Income Tax Wed, 01 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339638