Held that deduction should be allowed although liability may have to be quantified and discharged at future date. Matter remanded to apply principle laid down in Bharat Earth Movers v. CIT (2000)) 245 ITR 428 (SC).(AY. 2009-10, 2010-11)
Karnataka State Beverages Corporation Ltd. v. ACIT (2022) 99 ITR 325 (Bang) (Trib)
S. 37(1) : Business expenditure-Ex gratia payment-Deduction should be allowed although liability may have to be quantified and discharged at future date-Matter remanded. [S. 145]