EPCOS India (P.) Ltd. v. ITO (2018) 169 ITD 541/ 65 ITR 20 (SN) (Kol) (Trib.)

S.37(1): Business expenditure –Damages -Expenses on repair of goods returned back on account of low quality was held to be allowable as business expenditure.

Dismissing the appeal of the revenue the Tribunal held that ; Expenses on repair of goods returned back on account of low quality was held to be allowable as business expenditure. ( AY. 2008-09 to 2010-11)