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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

The samples were given to the foreign agents in person during ...


Foreign agents' sample acquisition in India qualifies for business expenditure deduction under Income Tax Act, Section 37(1).

February 23, 2015

Case Laws     Income Tax     HC

The samples were given to the foreign agents in person during their business exploratory visit in India and the same would fall under the expenditure laid out or expended wholly and exclusively for the purpose of such business - deduction allowed u/s 37(1) - HC

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