The Tribunal held that the assessee had paid rent and copies of the rental agreement and evidence of payment were available and this fact had not been controverted. The Assessing Officer had not refuted the claim of the assessee that the expenditure or rent paid was for the purpose of the business.( AY.2010-11)
ACIT v. Padma Logistics and Khanij Pvt. Ltd. (2020) 81 ITR 61 /183 ITD 891/ 208 TTJ 67 (Kol) (Trib)
S.37(1): Business expenditure — Rent expenses —Allowable as revenue expenditure .