https://www.taxtmi.com/caselaws?id=27075 Commission paid under a continuing sole-selling agency arrangement was treated as business expenditure and allowed as a deduction. Interest on delayed payment of sugarcane cess and purchase tax was held to be compensatory, not penal, and therefore deductible as part of the business liability. Demurrage paid to the Railways for delayed lifting of goods was regarded as a compensatory charge incidental to transport and allowable in computing business income. Compensation relating to requisitioned property was not assessable in the assessment year 1963-64 merely because an award had been made, since the amount remained subject to quantification and adjustment. en-us Tue, 29 May 1984 00:00:00 +0530 Wed, 10 Feb 2010 15:46:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27075 Commission paid under a continuing sole-selling agency arrangement was treated as business expenditure and allowed as a deduction. Interest on delayed payment of sugarcane cess and purchase tax was held to be compensatory, not penal, and therefore deductible as part of the business liability. Demurrage paid to the Railways for delayed lifting of goods was regarded as a compensatory charge incidental to transport and allowable in computing business income. Compensation relating to requisitioned property was not assessable in the assessment year 1963-64 merely because an award had been made, since the amount remained subject to quantification and adjustment. Case-Laws Income Tax Tue, 29 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27075