https://www.taxtmi.com/caselaws?id=58197 Business deduction claims were examined on the nature of the expenditure, commercial necessity, and the evidentiary record. Secret commission paid in the course of business, cash reimbursement of medical expenses, travelling for proposed foreign collaboration, marriage presents, Diwali Mahurat expenses, carpet replacement, and fees paid for increase of authorised capital for bonus shares were treated as allowable on the stated facts. Entertainment expenses were broadly disallowed, though a 25% exclusion was directed for employee-related hospitality. Surtax liability, club fees, delayed-return and advance-tax interest, certain weighted deduction claims, import entitlement sale proceeds, and family pension contribution delay payment were disallowed. Bad debts required proof of irrecoverability, while credit balances written back were not taxable absent cessation of liability. en-us Tue, 27 Sep 1988 00:00:00 +0530 Fri, 17 Dec 2010 17:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58197 Business deduction claims were examined on the nature of the expenditure, commercial necessity, and the evidentiary record. Secret commission paid in the course of business, cash reimbursement of medical expenses, travelling for proposed foreign collaboration, marriage presents, Diwali Mahurat expenses, carpet replacement, and fees paid for increase of authorised capital for bonus shares were treated as allowable on the stated facts. Entertainment expenses were broadly disallowed, though a 25% exclusion was directed for employee-related hospitality. Surtax liability, club fees, delayed-return and advance-tax interest, certain weighted deduction claims, import entitlement sale proceeds, and family pension contribution delay payment were disallowed. Bad debts required proof of irrecoverability, while credit balances written back were not taxable absent cessation of liability. Case-Laws Income Tax Tue, 27 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58197