Court held that compensation paid to employee through trust is held to be allowable as revenue expenditure. Wipro. Ltd. v. Dy. CIT (2015) 382 ITR 179 (Karn.)(HC). (AY. 2006-07)
Wipro Ltd. v. Addl. CIT (2021) 279 Taxman 203 (Karn.)(HC)
S. 37(1) : Business expenditure-Compensation paid to employee through trust-Allowable as revenue expenditure. [S. 36(1)(iv), 36(1)(v), 40A(9)]