Section 40(a)(iib) Addition Confirmed: Surcharge on Sales Tax Not Limited to Quid Pro Quo Payments for State Business Benefits.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition u/s. 40(a)(iib) with regard to surcharge on sales tax - contention of the Ld. AR is that expenditure mentioned in section 40(a)(iib) covers only expenditure which is incurred in consideration of obtaining some benefits or rights or license by the State Government in connection with conduct of business - element of quid pro quo in payments - the contention rejected - Additions confirmed.....