https://www.taxtmi.com/caselaws?id=307029 Interest paid for delayed remittance of customs duty was treated as compensatory in nature and retained its character as a business outgo, so it was allowable as business expenditure. Discount allowed on sale of pistons was held to be a reduction in sale price, not expenditure incurred for sales promotion; coupons were only a device to pass the discount to the ultimate buyer. On that reasoning, the Revenue's objections on both issues failed, and no substantial question was found in the proposed matters. en-us Tue, 15 Dec 1998 00:00:00 +0530 Tue, 14 Mar 2023 16:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307029 Interest paid for delayed remittance of customs duty was treated as compensatory in nature and retained its character as a business outgo, so it was allowable as business expenditure. Discount allowed on sale of pistons was held to be a reduction in sale price, not expenditure incurred for sales promotion; coupons were only a device to pass the discount to the ultimate buyer. On that reasoning, the Revenue's objections on both issues failed, and no substantial question was found in the proposed matters. Case-Laws Income Tax Tue, 15 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307029