Clarification w.r.t. interest paid to state excise department

This query is : Resolved 

06 December 2023 Is interest or late fee paid to state excise department is an allowable expenditure u/s 37 of the Income Tax Act, 1961. If so, are there any relevant case laws in favour of the assessee.

20 January 2024 Section 37(1) allows any expenditure that is not capital in nature and is incurred purposefully for the business or profession. However, the penalty paid to the legal authorities for violating the law is not allowed as a deduction

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