Even if expenditure may not have been incurred under any legal ...

Business Expenses Valid Without Legal Obligation if for Commercial Expediency: Advances to Subsidiary Justified for Business Needs.

March 9, 2020

Case Laws Income Tax AT

Even if expenditure may not have been incurred under any legal obligation, yet it is allowable as a business expenditure if it was incurred on grounds of commercial expediency. The case of the assessee is that the assessee has made advances to its subsidiary for business expediency. - AT

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Even if expenditure may not have been incurred under any legal ...

Business Expenses Valid Without Legal Obligation if for Commercial Expediency: Advances to Subsidiary Justified for Business Needs.

March 9, 2020

Case Laws Income Tax AT

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