https://www.taxtmi.com/caselaws?id=22439 Damages paid for use and occupation of business premises were treated as revenue expenditure because they were incurred wholly for carrying on the business, and were held allowable as a deduction under section 37(1) of the Income-tax Act, 1961. On that basis, the Revenue's disallowance could not stand. The note also states that once the full amount was accepted as deductible, liability to interest under sections 139, 215 and 217(1A) did not survive, so no such interest was chargeable on the facts described. en-us Wed, 26 Dec 1990 00:00:00 +0530 Thu, 10 Dec 2009 11:23:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22439 Damages paid for use and occupation of business premises were treated as revenue expenditure because they were incurred wholly for carrying on the business, and were held allowable as a deduction under section 37(1) of the Income-tax Act, 1961. On that basis, the Revenue's disallowance could not stand. The note also states that once the full amount was accepted as deductible, liability to interest under sections 139, 215 and 217(1A) did not survive, so no such interest was chargeable on the facts described. Case-Laws Income Tax Wed, 26 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22439