Allow-ability of expenditure - scholarship to the children of ...
Scholarship and Gift Expenditures Allowed for Business Goodwill Despite No Legal Obligation.
September 29, 2016
Case Laws Income Tax AT
Allow-ability of expenditure - scholarship to the children of members, payment to legal heirs of members and gifts to members - even though there is no legal obligation to incur these expenditure but the assessee had incurred it for preserving business connection and goodwill of the business - claim of expenditure allowed - AT
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