https://www.taxtmi.com/caselaws?id=414302 Penalty paid for breach of law in relation to under-declared sales tax was held not deductible as business expenditure under section 37(1), so the disallowance was sustained. Cash labour payments made at remote work sites, supported by vouchers and site records, justified only a restricted disallowance; the estimate was reduced from 15% to 10%. Interest relating to delay or non-remittance of TDS required factual verification, so the matter was remanded to the Assessing Officer. An additional ground for deduction under section 80IA was admitted, with the issue restored for adjudication because the factual basis had not been examined below. en-us Wed, 20 Oct 2021 00:00:00 +0530 Tue, 02 Nov 2021 09:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414302 Penalty paid for breach of law in relation to under-declared sales tax was held not deductible as business expenditure under section 37(1), so the disallowance was sustained. Cash labour payments made at remote work sites, supported by vouchers and site records, justified only a restricted disallowance; the estimate was reduced from 15% to 10%. Interest relating to delay or non-remittance of TDS required factual verification, so the matter was remanded to the Assessing Officer. An additional ground for deduction under section 80IA was admitted, with the issue restored for adjudication because the factual basis had not been examined below. Case-Laws Income Tax Wed, 20 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414302