https://www.taxtmi.com/caselaws?id=23659 The court ruled that penalties for non-payment of sales tax could not be treated as interest for late tax payment and were not deductible as business expenditure. Regarding the deductibility of forwarding and freight charges, the court allowed the full deduction of Rs. 7,32,260 paid for exporting steel drums to Zambia, emphasizing the legitimate assistance provided by a sister concern and the business purpose of the expenditure. The court rejected the Revenue's argument and ruled in favor of the assessee, allowing the entire claim as a deduction. en-us Wed, 27 Sep 1989 00:00:00 +0530 Wed, 23 Dec 2009 11:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23659 The court ruled that penalties for non-payment of sales tax could not be treated as interest for late tax payment and were not deductible as business expenditure. Regarding the deductibility of forwarding and freight charges, the court allowed the full deduction of Rs. 7,32,260 paid for exporting steel drums to Zambia, emphasizing the legitimate assistance provided by a sister concern and the business purpose of the expenditure. The court rejected the Revenue's argument and ruled in favor of the assessee, allowing the entire claim as a deduction. Case-Laws Income Tax Wed, 27 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23659