Allow-ability of expenditure - scholarship to the children of ...

Income Tax

September 29, 2016

Allow-ability of expenditure - scholarship to the children of members, payment to legal heirs of members and gifts to members - even though there is no legal obligation to incur these expenditure but the assessee had incurred it for preserving business connection and goodwill of the business - claim of expenditure allowed - AT

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Allow-ability of expenditure - scholarship to the children of ...

Income Tax

September 29, 2016

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