Dismissing the appeal of the revenue the Court held that legal and professional fees, rates and taxes, insurance, managerial remuneration and miscellaneous expenses related exclusively to non-export oriented units are held to be allowable. Allocation of expenditure between export oriented units and non-export Oriented units is held to be justified. (AY. 2008-09)
CIT v. Gokaldas Images Pvt. Ltd. (2020) 429 ITR 526 / (2021) 197 DTR 225 / 318 CTR 486 / 276 Taxman 420 (Karn.)(HC)
S. 37(1) : Business expenditure-Legal and professional fees-Non export oriented units-Held to be allowable.