https://www.taxtmi.com/caselaws?id=12671 A short delay in filing the appeal before the Tribunal was capable of condonation where it was explained by the deaths of the officer handling income-tax matters and the authorised representative's mother, and the Tribunal had in any event examined the merits. Additional bonus paid under a lawful settlement was allowable as business expenditure because it was incurred to maintain industrial peace, avoid labour strife, and ensure uninterrupted production, giving it a direct nexus with business purposes and satisfying the test of expenditure laid out wholly and exclusively for business under section 37 of the Income-tax Act. en-us Mon, 01 Oct 2001 00:00:00 +0530 Thu, 21 May 2009 10:48:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12671 A short delay in filing the appeal before the Tribunal was capable of condonation where it was explained by the deaths of the officer handling income-tax matters and the authorised representative's mother, and the Tribunal had in any event examined the merits. Additional bonus paid under a lawful settlement was allowable as business expenditure because it was incurred to maintain industrial peace, avoid labour strife, and ensure uninterrupted production, giving it a direct nexus with business purposes and satisfying the test of expenditure laid out wholly and exclusively for business under section 37 of the Income-tax Act. Case-Laws Income Tax Mon, 01 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12671