Court held that ex-gratia payments to employees is allowable as deduction. (AY. 2006-07)
CIT v. Karur Vysya Bank Ltd. (2021) 438 ITR 465 (Mad.)(HC)
S. 37(1) : Business expenditure-Ex gratia payments to employees-Allowable as deduction.
S. 37(1) : Business expenditure-Ex gratia payments to employees-Allowable as deduction.
Court held that ex-gratia payments to employees is allowable as deduction. (AY. 2006-07)