https://www.taxtmi.com/caselaws?id=471164 Speed money paid through sub-contractors to port workers for prompt cargo handling may qualify as allowable business expenditure where it is incurred in the ordinary course of clearing and forwarding operations to prevent demurrage and related losses. Trade practice and business necessity support deductibility when no material shows that the payments were bogus, inflated, or unrelated to business purposes. Deduction of tax at source and recipient accounting further support the business character of the payments. An estimated disallowance without a rational basis is not justified; the disallowance was deleted. en-us Fri, 30 Jul 2010 00:00:00 +0530 Mon, 24 Aug 2026 10:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471164 Speed money paid through sub-contractors to port workers for prompt cargo handling may qualify as allowable business expenditure where it is incurred in the ordinary course of clearing and forwarding operations to prevent demurrage and related losses. Trade practice and business necessity support deductibility when no material shows that the payments were bogus, inflated, or unrelated to business purposes. Deduction of tax at source and recipient accounting further support the business character of the payments. An estimated disallowance without a rational basis is not justified; the disallowance was deleted. Case-Laws Income Tax Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471164