Addition on NRI Mobilization expenses - the credit of a banking ...

Banking Case Highlights Importance of Client Confidence and Management Concessions in NRI Mobilization Expenses.

February 11, 2019

Case Laws     Income Tax     HC

Addition on NRI Mobilization expenses - the credit of a banking business is very sensitive. It largely thrives upon the confidence which its constituents have in its management. To maintain such confidence, the management had to make concessions to preserve the goodwill and relations with its clients. Under such circumstances, the expenditure was allowed

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