The Income Tax Appellate Tribunal (ITAT) has held that the genuineness of the donations made out of business receipts which are allowable as expenditure under the provisions of the Income Tax Act, 1961 cannot be suspected. A survey operation under Section 133A of the Act was carried out at the business premises of M/s Bhandari […]
The post No Addition against Donations made out of Deductible Business Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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