Corporate entity can’t logically incur Expenditure for Individual Property improvement: ITAT dismisses Appeal [Read Order]

ITAT dismissed the appeal, stating that a corporate entity cannot logically incur expenditure for individual property improvement
ITAT Pune - Corporate entity - property improvement expenditure - taxscan

The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal, stating that a corporate entity cannot logically incur expenditure for individual property improvement. The counsel for the assessee  Rajiv Thakkar argued that additional evidence, in the form of certain bills issued by Nutech Sales Corporation totaling Rs.2,07,362/- and Rs.8,189/- and…

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