CIT v. Eveready Industries (India) Ltd. (2018) 258 Taxman 313 (Cal.)(HC)

S. 30 : Rent rates, taxes, repairs and insurance for buildings –Rent paid –Dispute pending and keys of premises were lying with police – Rent paid is held to be allowable deduction- No question of law [ S.37(1), 260A ]

Dismissing the appeal of the revenue the Court held that ;Dispute pending  and keys of premises were lying with police .Rent paid is held to be allowable deduction. Court also observe that ,it is not within domain of Court exercising jurisdiction under section 260A to enquire into correctness of that Tribunal’s finding and return a contrary finding that assessee was not a tenant, and was not using premises for business purposes, overturning ruling of Tribunal.