https://www.taxtmi.com/caselaws?id=39459 Penalties for delayed payment of sugarcane cess and fines for breach of the Factories Act are not deductible in computing business profits because a statutory penalty is not a commercial or trading loss incidental to business. A seasonal sugar factory is entitled only to proportionate extra-shift allowance, not the full 50% of normal depreciation, where it did not operate throughout the year. A contribution to the Congress Parliamentary Board is deductible as business expenditure only if a direct nexus with the carrying on of the business is shown; on the stated facts, that connection was absent. en-us Sat, 17 Aug 1974 00:00:00 +0530 Fri, 16 Apr 2010 15:50:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39459 Penalties for delayed payment of sugarcane cess and fines for breach of the Factories Act are not deductible in computing business profits because a statutory penalty is not a commercial or trading loss incidental to business. A seasonal sugar factory is entitled only to proportionate extra-shift allowance, not the full 50% of normal depreciation, where it did not operate throughout the year. A contribution to the Congress Parliamentary Board is deductible as business expenditure only if a direct nexus with the carrying on of the business is shown; on the stated facts, that connection was absent. Case-Laws Income Tax Sat, 17 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39459