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Case Law Details

Case Name : DCIT Vs Adsun Offshore Diving Contractors Pvt. Ltd. (ITAT Mumbai)
Related Assessment Year : 2012-13
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DCIT Vs Adsun Offshore Diving Contractors Pvt. Ltd. (ITAT Mumbai)

Given facts of the present case that whatever test may be applied in deciding whether any expenditure is allowable as a deduction under section 37, the essential requirement must in every case be as to whether the expenditure was either in reality or as a measure of business expediency necessary either for the purpose of earning profit or for protecting and safeguarding the business assets of the assessee including goodwill or in connection with some transacti

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