Dismissing the appeal of the revenue the Court held that the Tribunal is justified in deleting the Staking and handling expenses and blending and screening charges paid to sister concern. (AY. 2002-03)
PCIT v. Ajit Ramakant Phatarpekar (2020) 429 ITR 319 / 196 DTR 296 / (2021 ) 272 Taxman 543 (Bom.)(HC) PCIT v. Neelam Ajit Phatarpekar (2020) 429 ITR 319 / 196 DTR 296 / ( 2021 ) 227 Taxman 543 (Bom.)(HC)
S. 37(1) : Business expenditure-Staking and handling expenses and blending and screening charges-Sister concern-Deletion of addition is justified.