Court held where deductions claimed by assessee towards gallonage fee, licence fee, shop rental and surcharge on sales tax were allowed in all earlier year, however, in relevant assessment year same was disallowed in view of introduction of new provision in section 40(a)(iib), since same was a debatable issue, matter was to be remanded to CIT(A). ( AY.2015-16)
Kerala State Beverages. v. ACIT (2018) 257 Taxman 216 (Ker)(HC)
S.40(a)(iib):Amounts not deductible- Gallonage fee, licence fee, shop rental and surcharge on sales tax- Issue being debatable matter was remanded to CIT (A).