Disallowance of Puja expenses - non business expenses - Since it ...

Income Tax

July 6, 2020

Disallowance of Puja expenses - non business expenses - Since it has been found that the expenses incurred are for the smooth functioning of the business of plying trucks, the expenses need to be allowed. However, taking into consideration the peculiar facts and circumstances of the case, 10% of the expenses may be disallowed for plugging the revenue loss if any.

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Disallowance of Puja expenses - non business expenses - Since it ...

Income Tax

July 6, 2020

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