Provision for retirement pension of Hindustan Unilever employees is made for Business Purpose: ITAT allows deduction [Read Order]

The Income Tax Appellate Tribunal (ITAT) Mumbai bench, while allowing deduction in respect of retirement pension of employees of Hindustan Unilever employees observed that provision for the retirement pension of Hindustan Unilever employees is made for the business purpose. Assessee, Hindustan Unilever Limited is a company engaged in the manufacture, trading and marketing (including export) of…