Expenses incurred by contributing to Chennai Open Tennis ...

Chennai Open Tennis Tournament expenses disallowed as business deductions; deemed statutory duty expenses unrelated to business.

November 10, 2020

Case Laws Income Tax HC

Expenses incurred by contributing to Chennai Open Tennis Tournament - It is manifest that the amounts in question were paid by the assessee as a statutory agent to discharge a statutory duty unconnected with the business, though the occasion for the imposition arose because of the territorial nexus afforded by the accident of its doing business in India - Expenses not allowed - HC

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Expenses incurred by contributing to Chennai Open Tennis ...

Chennai Open Tennis Tournament expenses disallowed as business deductions; deemed statutory duty expenses unrelated to business.

November 10, 2020

Case Laws Income Tax HC

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