https://www.taxtmi.com/caselaws?id=8968 The High Court held that the sum of Rs. 1,01,095 paid by the assessee was allowable as a deduction under section 40(a)(ii) of the Income-tax Act. The Court emphasized that the payment did not represent tax levied on the assessee's business profits and gains but was for the tax liability of another entity. Therefore, the payment was not prohibited under section 40(a)(ii), ruling in favor of the assessee and against the department. en-us Tue, 23 Oct 1973 00:00:00 +0530 Wed, 17 Jun 2009 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8968 The High Court held that the sum of Rs. 1,01,095 paid by the assessee was allowable as a deduction under section 40(a)(ii) of the Income-tax Act. The Court emphasized that the payment did not represent tax levied on the assessee's business profits and gains but was for the tax liability of another entity. Therefore, the payment was not prohibited under section 40(a)(ii), ruling in favor of the assessee and against the department. Case-Laws Income Tax Tue, 23 Oct 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8968