Tribunal held that the onus was on the assessee to prove the nexus between the business and the expenses being incurred in the year 2012-13 wholly and exclusively for the purposes of business of the assessee .As regards provision for profit incentive payable to employees. Matter remanded to the Assessing Officer to adjudicate the matter afresh.( AY.2012-13)
Lakshmi Machine Works Ltd. v. Add. CIT (2020)78 ITR 398 (Chennai ) (Trib)
S.37(1): Business expenditure — Local area expenses and pooja expenses in temples outside factory — Onus on assessee to prove nexus with business – Provision for profit incentive payable to employees -Matter remanded to the Assessing Officer .