TMI BlogDonation to BJP Deemed Business Expense, Not Violating Section 37(2B) of Income Tax Act, and Allowable for Tax Purposes.Donation to Bharatiya Janata Party - The assessee has not given any advertisement in souvenir of the political party therefore not hit by the provisions of section 37(2B) - expenditure was incurred wholly and exclusively for the purpose of business and was not in personal nature, hence allowable - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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