Tribunal held that statutory, deduction cannot be allowed in two entities. Matter remanded to the AO. (AY 2007 – 2008)
Oricon Enterprises Ltd. v. ACIT (2018) 170 ITD 231 (Mum)(Trib.)
S.37(1) : Business expenditure – Subsidiary company – Gratuity and leave wages of employees – Deduction cannot be allowed in two entities -Matter remanded to the AO.