The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the expenses incurred on the demise, birthday greetings and congratulating some politicians are not eligible for a tax deduction as business expenditure under section 37 of the Income Tax Act, 1961. The assessee, for the relevant year, has made an expenditure of […]
The post Expenses incurred on Demise / Birthday Greetings / Congratulating some politicians not allowable as Business Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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