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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Personal expenses or business expenses - Unless the assessee ...


Assessees Must Provide Client Details and Activity Duration to Justify Business Expense Claims.

March 31, 2018

Case Laws     Income Tax     AT

Personal expenses or business expenses - Unless the assessee submitted the details of the names of the clients or customers with whom the Directors held talks and the number of days spend therein, it is not possible to hold that the entire expenditure claimed by the assessee is wholly and exclusively for the purpose of the business of the assessee - AT

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