https://www.taxtmi.com/caselaws?id=7290 Business expenditure is deductible where it is laid out wholly and exclusively for business purposes, and tax authorities cannot replace commercial judgment on remuneration merely because they view it as excessive. On the facts discussed, salary paid to a manager of a large and risky cashew business was treated as a legitimate business expense because no material showed extraneous considerations. The discussion also notes that a disallowance of part of the bonus claim and an addition for purchase inflation were treated as factual matters, with no question of law arising to justify interference in reference jurisdiction. en-us Mon, 17 Jun 1968 00:00:00 +0530 Mon, 16 Feb 2009 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7290 Business expenditure is deductible where it is laid out wholly and exclusively for business purposes, and tax authorities cannot replace commercial judgment on remuneration merely because they view it as excessive. On the facts discussed, salary paid to a manager of a large and risky cashew business was treated as a legitimate business expense because no material showed extraneous considerations. The discussion also notes that a disallowance of part of the bonus claim and an addition for purchase inflation were treated as factual matters, with no question of law arising to justify interference in reference jurisdiction. Case-Laws Income Tax Mon, 17 Jun 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7290