M/S.PTL ENTERPRISES LTD. vs. THE DEPUTY COMMISSIONER OF INCOME-TAX
ITA/185/2013HC Kerala22 Jul 2021
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS
For Appellant: THE DEPUTY COMMISSIONER OF INCOME TAXFor Respondent: M/S.PTL ENTERPRISES LTD
iii) Whether the amount of Rs.1,25,12,348/- claimed as quality
loss paid by the assessee to M/s. Apollo Tyres Limited is
liable to be deducted?
3. The assessee is a tyre manufacturing company, earlier
known as Premier Tyres Ltd. and later renamed as M/s.PTL. It was
incorporated on 29.10.1959 with the object of carrying on the
business
