Disallowance of the expenses of damage - CIT-A restricted ...

Commissioner of Income Tax allows 10% deduction for business-related damage expenses u/s 37(1) of Income Tax Act.

February 9, 2018

Case Laws Income Tax AT

Disallowance of the expenses of damage - CIT-A restricted addition to 10% - the cost incurred for the damage of goods is directly connected with the business activities of the assessee and accordingly eligible for deduction u/s 37(1) - AT

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Disallowance of the expenses of damage - CIT-A restricted ...

Commissioner of Income Tax allows 10% deduction for business-related damage expenses u/s 37(1) of Income Tax Act.

February 9, 2018

Case Laws Income Tax AT

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