The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ), in Power Maxx India Pvt.Ltd v.DCIT held that donations and subscriptions paid for pujas and functions are the business expenditure. The appellants (Assessee) Power Max India Pvt Ltd is a company engaged in the business of manufacturing of boilers and related accessories.In the returns filed […]
The post Donations and Subscriptions Paid for Pujas and Functions are Business Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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