https://www.taxtmi.com/caselaws?id=14140 Interest paid for delayed remittance of customs duty was treated as compensatory in nature and therefore allowable as business expenditure when incurred in connection with the business. A genuine discount on the sale of pistons was treated as a reduction in sale price, not as advertisement or special campaign expenditure, and so it did not qualify as sales promotion expense for disallowance under section 37(3A) of the Income-tax Act, 1961. On both issues, the assessee's treatment was upheld and the Revenue's challenge failed. en-us Tue, 15 Dec 1998 00:00:00 +0530 Tue, 14 Jul 2009 10:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14140 Interest paid for delayed remittance of customs duty was treated as compensatory in nature and therefore allowable as business expenditure when incurred in connection with the business. A genuine discount on the sale of pistons was treated as a reduction in sale price, not as advertisement or special campaign expenditure, and so it did not qualify as sales promotion expense for disallowance under section 37(3A) of the Income-tax Act, 1961. On both issues, the assessee's treatment was upheld and the Revenue's challenge failed. Case-Laws Income Tax Tue, 15 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14140