Addition of vehicle expenses debited to profit & loss account ...

Court Rules 75% Disallowance of Vehicle Expenses Unjustified Due to Lack of Construction Activity by Assessee.

September 14, 2015

Case Laws Income Tax AT

Addition of vehicle expenses debited to profit & loss account treating the same as expenses for non-business purposes - Though no construction activity was carried out by the Assessee but it does not warrant the disallowance of 75% of the expenses for non business purpose - AT

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Addition of vehicle expenses debited to profit & loss account ...

Court Rules 75% Disallowance of Vehicle Expenses Unjustified Due to Lack of Construction Activity by Assessee.

September 14, 2015

Case Laws Income Tax AT

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