Held that provision for additional amount payable as royalty, allowable as deduction. Matter remanded. Education cess paid on Income-Tax and dividend distribution tax is not allowable expenditure. (AY 2012-13, 2013-14, 2016-17)
T. M. International Logistics Ltd. v. Dy. CIT (2023)101 ITR 51 (SN)(Kol.)(Trib.)
S. 37(1) : Business expenditure-Provision for royalty-Matter remanded-Educational cess-Not allowable as deduction. [S. 40(a)(ia)]