https://www.taxtmi.com/caselaws?id=276509 A payment made to discharge a statutory liability arising from failure to deduct tax at source from a non-resident was held not to be deductible as business expenditure, because it did not arise directly from carrying on the business and was not laid out wholly and exclusively for business purposes. It was also not a trading debt incurred in the ordinary course of business, so it could not be allowed as a bad debt. The reference was answered in the negative and the revenue's view was upheld. en-us Wed, 27 Apr 1966 00:00:00 +0530 Tue, 13 Nov 2018 10:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276509 A payment made to discharge a statutory liability arising from failure to deduct tax at source from a non-resident was held not to be deductible as business expenditure, because it did not arise directly from carrying on the business and was not laid out wholly and exclusively for business purposes. It was also not a trading debt incurred in the ordinary course of business, so it could not be allowed as a bad debt. The reference was answered in the negative and the revenue's view was upheld. Case-Laws Income Tax Wed, 27 Apr 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276509