Tribunal held that the professionals appointed were experts in their respective fields, and that their services were retained to groom and train the new recruits as no suitable replacement was readily available. Accordingly allowable as deduction. (AY. 2011-12)
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-Legal and professional charges- Retainership fees–Held to be allowable as deduction.