Revenue's Appeal Dismissed on Head Office Expenditure, Upholding Assessee's Favorable Decision (1)

The Bombay HC dismissed the revenue's appeal on head office expenditure under section 37(1) of the Act, upholding the Tribunal's decision favoring the assessee based on a prior ruling. The appeal was dismissed without costs.

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The Bombay High Court dismissed the appeal by the revenue regarding the allowability of head office expenditure under section 37(1) of the Act, citing a previous decision in the assessee's favor. The Tribunal's decision was upheld based on the earlier court ruling, and the appeal was dismissed with no costs. (Case citation: 2013 (6) TMI 200 - BOMBAY HIGH COURT)

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