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)
Metropolis Healthcare Ltd. v. DCIT (2021) 190 ITD 331 (Delhi)(Trib.)
S. 37(1) : Business expenditure-Dividend distribution tax-Not allowable as deduction.