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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

The only purpose of the assessee company to sponsor the foreign ...


Foreign Trips for Doctors Allowed as Business Expenses for Tax Purposes Despite Ethical Concerns.

December 12, 2015

Case Laws     Income Tax     AT

The only purpose of the assessee company to sponsor the foreign trip of the doctors was for the purpose of promotion and sale of the products of the assessee company. It may be unethical practice for the doctors to accept such type of incentives, however, so far as the assessee is concerned, sponsorship was purely on account of business angle of the assessee company - expenditures allowed - AT

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