Dismissing the appeal of the revenue the Court held that; Lease rent paid for shed taken on lease was held to be allowable as business expenditure considering the business expediency . (AY. 2010-11)
PCIT v. SRBS Entertainment (2018) 254 Taxman 193 (P&H)(HC)
S. 37(1) : Business expenditure -Lease rent paid for shed taken on lease was held to be allowable as business expenditure considering the business expediency .