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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Expenditure on spouse/ relatives of Director of the company is ...


Company's Rs. 13.38 Lakhs on Directors' Spouses' Foreign Tours Disallowed u/s 37 of Income Tax Act.

September 26, 2013

Case Laws     Income Tax     AT

Expenditure on spouse/ relatives of Director of the company is disallowed u/s 37 of the Income Tax Act - a sum of Rs. 13.38 lakhs incurred by the appellant-company on the foreign tours of spouses of the directors has rightly been disallowed - AT

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