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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Disallowance of expenditure u/s. 37 - There is merit in the ...

Income Tax

October 10, 2020

Disallowance of expenditure u/s. 37 - There is merit in the alternative contention of assessee that the expenses incurred on organizing an event to celebrate Ireland National Day in India which was included in sales promotion having been entirely disallowed by the authorities below and the said disallowance having been confirmed by us, the disallowance of 20% should be restricted out of the balance amount of sales promotion expenses - AT

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