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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Adhoc disallowance made on account of expenses under the heard ...

Income Tax

January 25, 2019

Adhoc disallowance made on account of expenses under the heard vehicle maintenance, interest on car loan, telephone expenses, travelling expenses and depreciation on car - personal element cannot be ruled out.

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  10. Addition under the head of Vehicle Running Expenses and Repairs & Maintenance - "exaggerated expense' or "not reasonable expense". - The onus is on the Revenue to...

 

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