Tribunal held that cost of mobile sets provided to employees , dealers and sales personal etc ,at free of cost is allowable as business expenditure and rightly reduced from the inventory. Followed the order of the Tribunal for the AY .2003-04 which was Th affirmed by the High Court. ( AY.2011-12)
Nokia India Pvt. Ltd. v. Add. CIT (2020) 82 ITR 16 ((SN)(Delhi) Trib)
S. 37(1) : Business expenditure – Mobile handsets to employees , dealers and sales personal etc ,at free of cost – Allowable as business expenditure .