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2011 (3) TMI 23 - HC - Income TaxExpenditure claimed as an allowance – Expenditure incurred voluntarily and on grounds of commercial expediency - whether the expenditure was wholly and exclusively laid out for the purpose of the business - Board of Directors of the assessee had thought it fit to spend on the foreign tour of the accompanying wife of the Managing Director for commercial expediency - not within the province of the Income-tax Authority to disallow such expenditure by sitting over the decision of the Board. Assessing Officer directed to give benefit of deduction on the amount spent on the foreign tour of only the wife of the Managing Director and not on that of the wife of the Deputy Managing Director as business expenditure.
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