Deduction u/s 37(1) ::


Last updated: 07 September 2007

Court :
HC

Brief :
Held by hon"ble court that the company had incurred expenditure for the benefit of employees" and it could be said that such expenses were incurred wholly and exclusively for the purpose of business.Thus assessee was entitled to claim deduction u/s 37(1).

Citation :
C.I.T Vs. Rajasthan Spg. & Wvg. Mills Ltd.

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