That the Tribunal was justified in allowing the insurance and audit fees expenses, stating that the agreement between the assessee and the entity did not cover these expenses since the findings of fact had not been shown to be wrong. (AY. 2004-05)
PCIT v. Avantha Realty Ltd (2025) 482 ITR 599 (Cal)(HC)
S. 37(1): Business expenditure-Insurance and audit expenses Agreement entered into by assessee not covering insurance and audit expenses-Allowable as business expenditure. [S. 260A]
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