Disallowance of Club Expenses on ground of Use of Expenses for Personal Benefit of Directors: ITAT Directs Re-adjudication [Read Order]

Disallowance – Club - Expenses - ground - Use - Expenses - Personal - Benefit – Directors - ITAT - Re-adjudication - TAXSCAN

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the disallowance made on club expenses due to the use of expenses for the personal benefit of directors.  Bhalla Chemical Works P. Ltd, the appellant assessee appealed against the order passed by the Commissioner of Income Tax (Appeals)…

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