Dismissing the appeal of the revenue the Tribunal held that ; professional fees paid to retired employees of assessee who were expert in this field is held to be allowable as deduction . (AY.2011-12)
DCIT v. Laboratories Griffon (P.) Ltd. (2018) 170 ITD 387/ 65 ITR 317/193 TTJ 855/( 2019) 178 DTR 355 (Kol) (Trib.)
S.37(1): Business expenditure- Professional fees paid to retired employees of assessee who were expert in this field is held to be allowable as deduction .