Dismissing the appeal of the revenue the Court held that ,security charges paid cannot be disallowed merely because for non filing of confirmation only when small portion was allowed by the Tribunal.
CIT v. Eveready Industries (India) Ltd. (2018) 258 Taxman 313 (Cal.)(HC)
S. 37(1) : Business expenditure –Security charges-merely for non filing of confirmation disallowances cannot be made-Order of Tribunal is affirmed .