Dismissing the appeal of the Revenue the Court held that as there was evidence only with respect to part of claim in relation to inspection charges, restriction of disallowance of inspection and survey charges to 25 per cent was justified.
PCIT (Central) v. Bajaj Alliance General Insurance Co. Ltd. (2023) 153 taxmann.com 678 (Bom)(HC) Editorial : SLP of Revenue is dismissed, PCIT (Central) v. Bajaj Alliance General Insurance Co. Ltd. (2023) 294 Taxman 699 (SC)
S. 37(1): Business expenditure-Inspection and survey charges-, Disallowance of inspection and survey charges to 25 per cent was justified. Order of Tribunal is affirmed. [S. 260A]