https://www.taxtmi.com/caselaws?id=58846 Customs fines paid to secure release of imported replacement spares were treated as deductible business expenditure, as the payment was incurred to obtain the goods and not for any conscious unlawful trading conduct. Bonus paid under a genuine contractual settlement above the statutory minimum was also allowed as a deduction on commercial principles. Factory roads were held not to be plant for depreciation, because they formed part of the premises rather than the apparatus by which the business was carried on. The challenge to interest levy was maintainable where liability and computation were disputed, and the matter could be remitted for fresh examination and credit of payments already made. en-us Mon, 25 Jun 1984 00:00:00 +0530 Wed, 22 Dec 2010 14:46:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58846 Customs fines paid to secure release of imported replacement spares were treated as deductible business expenditure, as the payment was incurred to obtain the goods and not for any conscious unlawful trading conduct. Bonus paid under a genuine contractual settlement above the statutory minimum was also allowed as a deduction on commercial principles. Factory roads were held not to be plant for depreciation, because they formed part of the premises rather than the apparatus by which the business was carried on. The challenge to interest levy was maintainable where liability and computation were disputed, and the matter could be remitted for fresh examination and credit of payments already made. Case-Laws Income Tax Mon, 25 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58846