Disallowance of expenditure incurred in construction of house ...

Income Tax

June 19, 2017

Disallowance of expenditure incurred in construction of house meant for flood victims called 'Social Welfare Expenditure' - Mere bald assertion that the expenditure was incurred for promoting business cannot be accepted without establishing the nexus between expenditure and business. Therefore, it amounts to application of income voluntarily towards charity which cannot be allowed as a deduction.

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Disallowance of expenditure incurred in construction of house ...

Income Tax

June 19, 2017

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