The Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ) has held that addition cannot made merely on the ground that the expenditure is for non-business purposes. During the assessment proceedings, the Assessing Officer has held that the expenses in the profit & loss account are related to such facilities which are certainly […]
The post Mere Suspicion that Expenditure is for Non-Business purposes can’t be Ground for Addition: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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