Metropolis Healthcare Ltd. v. DCIT (2021) 190 ITD 331 (Delhi)(Trib.)

S. 37(1) : Business expenditure-Dividend distribution tax-Not allowable as deduction.

Held that the dividend distribution tax paid by assessee was not an expenditure incurred by assessee wholly and exclusively for purposes of business. Not allowable as deduction.  (AY. 2012-13, 2014-15)