Dismissing the appeal of the revenue, the Tribunal held that payment of rent as per agreement is held to be allowable as revenue expenditure.(AY. 2010-11)
ACIT v. Padma Logistics & Khanij (P.) Ltd. (2020) 81 ITR 61 / 183 ITD 891 / 208 TTJ 67 (Kol.)(Trib.)
S. 37(1) : Business expenditure-Payment of rent allowable as revenue expenditure.