https://www.taxtmi.com/caselaws?id=28494 A payment made to carry out an unlawful foreign exchange remittance and export arrangement was treated as non-deductible business outgo, because illegality cannot be converted into a deductible loss or expense by describing the arrangement as integrated or by relying on section 28, business expenditure principles, or rule 6DD(j) read with section 40A(3). Ordinary customer refreshments, however, were treated differently: expenditure on tea, coffee, food and similar hospitality was regarded as an allowable business deduction and not equivalent to entertainment or banquet spending. The principal disallowance favoured the Revenue, while the hospitality claim succeeded for the assessee. en-us Fri, 26 Nov 1982 00:00:00 +0530 Tue, 23 Feb 2010 10:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28494 A payment made to carry out an unlawful foreign exchange remittance and export arrangement was treated as non-deductible business outgo, because illegality cannot be converted into a deductible loss or expense by describing the arrangement as integrated or by relying on section 28, business expenditure principles, or rule 6DD(j) read with section 40A(3). Ordinary customer refreshments, however, were treated differently: expenditure on tea, coffee, food and similar hospitality was regarded as an allowable business deduction and not equivalent to entertainment or banquet spending. The principal disallowance favoured the Revenue, while the hospitality claim succeeded for the assessee. Case-Laws Income Tax Fri, 26 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28494