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2019 (2) TMI 1200 - AT - Income TaxDeduction u/s 37 - allowable business expenditure - assessee purchased the IPL cricket match tickets to distribute them amongst its long standing customers to garner their goodwill and improve its business relations - HELD THAT:- According to us, assessee’s submissions in support of its claim u/s 37 is a plausible and acceptable submission. This is akin to distribution of gifts or articles on special occasions to the customers and such expenditure has been held to be business expenditure. Further, in reply to Revenue’s contention that the assessee has failed to produce any evidence in support of its contention, the learned Counsel for the assessee has filed a list of the customers amongst whom the IPL Cricket match tickets have been distributed. DR opposed the admission of this evidence at this stage and submitted that, if the Tribunal were to consider the same, then the said evidence should be remanded to the file of the AO. This list was admittedly not produced before any of the authorities below. Therefore, we treat it as additional evidence and admit the same and remand the issue to the file of the AO to verify whether these parties were the customers of the assessee and whether they were given the alleged IPL seasonal tickets. Assessee’s appeal is treated as allowed for statistical purposes.
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