Personal Expenses of Directors of Company can’t be disallowed without Sufficient Proof: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT), while deleting an addition against the assessee-Company, held that the personal expenses of the Directors/ Office bearers cannot be disallowed without having sufficient proof. In the instant case, the assessment was carried out against the assessee inconsequent to search operations. While completing the assessment, the […]

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