https://www.taxtmi.com/caselaws?id=260255 The court held that the sum of Rs. 4,94,09,120/- paid by the assessee towards additional excise duty on behalf of the contract manufacturers constitutes deductible expenditure under Section 37(1) of the Income Tax Act. The court answered the question of law in favor of the assessee and allowed the appeal. en-us Wed, 25 Mar 2015 00:00:00 +0530 Sat, 06 Jun 2015 05:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260255 The court held that the sum of Rs. 4,94,09,120/- paid by the assessee towards additional excise duty on behalf of the contract manufacturers constitutes deductible expenditure under Section 37(1) of the Income Tax Act. The court answered the question of law in favor of the assessee and allowed the appeal. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260255