https://www.taxtmi.com/caselaws?id=20586 The High Court of Calcutta allowed the deduction of excise duty under section 37 of the Income-tax Act for the assessment year 1973-74. The Court ruled in favor of the assessee, permitting the deduction of the amount paid twice under coercion of law, emphasizing the genuine nature of the case and the allowable expenses under section 37. The judgment highlighted that payments made to protect business assets or comply with statutory obligations are deductible, ultimately favoring the assessee in this case. en-us Thu, 15 Mar 1990 00:00:00 +0530 Sat, 14 Nov 2009 18:14:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20586 The High Court of Calcutta allowed the deduction of excise duty under section 37 of the Income-tax Act for the assessment year 1973-74. The Court ruled in favor of the assessee, permitting the deduction of the amount paid twice under coercion of law, emphasizing the genuine nature of the case and the allowable expenses under section 37. The judgment highlighted that payments made to protect business assets or comply with statutory obligations are deductible, ultimately favoring the assessee in this case. Case-Laws Income Tax Thu, 15 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20586