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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Sales promotion expenses - assessee has failed to furnish any ...


Assessee Fails to Justify Sales Promotion Expenses u/s 37(1) of Income Tax Act, Lacks Required Documentation.

October 28, 2015

Case Laws     Income Tax     AT

Sales promotion expenses - assessee has failed to furnish any bills or any details or break-up of the expenditure - As per 37(1), onus is upon the assessee to establish that the said expenditure has been incurred for carrying on its business. - AT

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