Dismissing the appeal of the revenue the Court held that , provision for medical benefit of its employees post retirement is held to be allowable, it is not contingent liability .
CIT v. Eveready Industries (India) Ltd. (2018) 258 Taxman 313 (Cal.)(HC)
S. 37(1) : Business expenditure – Provision for medical benefit of its employees post retirement –Held to be allowable.