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2010 (4) TMI 291 - HC - Income TaxEntertainment expenditure – deduction u/s 37(2)(A) – payment of rent to PSICC – deduction u/s 30 – Held that: - payment of rent to IPCC can not be allowed u/s 30 – expenditure liable to be disallowed u/s 37(2)(A) – regarding deduction of entertainment expenditure 50% of expenses were allowed under Section 37(2A) by the ITAT – that which portion of the miscellaneous expenses claimed by an assessee is deductible as entertainment expenses of the assessee is a matter to be decided by the fact finding authority on the basis of material placed before them – decision of ITAT is not wrong.
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