The Income Tax Appellate Tribunal (ITAT), Hyderabad bench ahs held that the distribution of IPL tickets to the long-standing customers to improve business relation and goodwill would amount to business expenditure for the purpose of tax deduction under Section 37 of the Income Tax Act. During the assessment proceedings, the Assessing Officer noted that the […]
The post Distribution of IPL Tickets to Customers to improve Business Relations is allowable as Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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