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PCIT v. Apollo Tyres Ltd. (No. 3) (2022) 447 ITR 431 (Ker.)(HC)

S. 37(1) : Business expenditure-Pre-paid expenses or advance payments-Entitled to claim expenses in year in which incurred.

Held that  pre-paid expenses or advance payments is  entitled to claim expenses in year in which incurred.  (AY.2011-12)