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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

No details of the seminars conducted abroad are brought on ...


Expenses for Overseas Seminars Disallowed as Business Deductions u/s 37; Spouse Costs Not Exclusively Business-Related.

September 21, 2016

Case Laws     Income Tax     AT

No details of the seminars conducted abroad are brought on record as also spouses of the Doctors also travelled overseas along with Doctors and the expenses of the spouse on air ticket as well stay abroad are charged as an business expenditure u/s 37 of the Act which cannot be called as being incurred wholly and exclusively for the purposes of business of the assessee - AT

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