1998 (11) TMI 32

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..... BABU J.---The assessee had claimed by way of deduction a sum of Rs. 11,838 as the cost of gifts made on the occasion of the marriage of the daughter of the chairman of the company with which he was having business relationship, and cost of personal gifts on festive occasions to others. The claim was sought to be justified on the ground of commercial exigency having been incurred for the purpose of .....

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..... onship and the invitation that the assessee might have received which itself would be of personal nature. It cannot be said that it was expected of the assessee that the assessee should present a valuable gift to the bride because the bride's father happens to be the chairman of the company. Any gift so given can only be a personal gift and not a gift by the company, given for business purposes. C .....

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..... submissions so made for the Revenue are worthy of our acceptance. Though the expenditure incurred for the purpose of business can be in varied forms, and cannot be exhaustively enumerated, a line has to be drawn at some point as between the expenditure for business purpose and the expenditure on gifts made on the occasion of marriages in the families of directors of the companies with which the a .....

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