Disallowance of business promotion expenditure to the extent of ...

Court Rules Business Promotion Expenses Reimbursed to Employees Not Personal; Disallows 50% Deduction.

May 18, 2023

Case Laws Income Tax AT

Disallowance of business promotion expenditure to the extent of 50% - The employees and Directors of the assessee company would incur the expenditure in their credit cards and later on the same were reimbursed by the assessee company to the Directors and employees. In any case, there cannot be any element of personal expenditure in the hands of the company - AT

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Disallowance of business promotion expenditure to the extent of ...

Court Rules Business Promotion Expenses Reimbursed to Employees Not Personal; Disallows 50% Deduction.

May 18, 2023

Case Laws Income Tax AT

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