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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Donation to Bharatiya Janata Party - The assessee has not given ...


Donation to BJP Deemed Business Expense, Not Violating Section 37(2B) of Income Tax Act, and Allowable for Tax Purposes.

May 5, 2016

Case Laws     Income Tax     AT

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

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