The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the gifts and presents given to the customers by way of cash cannot be allowed as business expenditure under the provisions of the Income Tax Act, 1961. The assessee claimed that the Diwali gifts and presents given by them in […]
The post Gifts and Presents by way of Cash can’t be allowed as Business Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws http://bit.ly/2HbESn9
No comments:
Post a Comment