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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Expenditure on 20-Point Programmes for the welfare of the ...


Voluntary Spending on 20-Point Programmes for Oppressed Classes Qualifies as Business Expenditure, Not Just Statutory Obligations.

October 9, 2012

Case Laws     Income Tax     AT

Expenditure on 20-Point Programmes for the welfare of the oppressed classes of Society, - Just because the expenses are voluntary in nature and are not forced on the assessee by a statutory obligation, these expenses cannot cease to be a business expenditure - AT

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