Expenses cannot be disallowed solely due to Non-Receipt of Invoices: ITAT grants Relief to L’Oreal [Read Order]

Expenses - Invoices - ITAT - L'Oreal - taxscan

The Income Tax Appellate Tribunal (ITAT), Mumbai has granted relief to L’Oreal India Private Limited and held that expenses cannot be disallowed solely due to non-receipt of invoices. The appellant, L’Oreal India Private Limited is a wholly-owned subsidiary of L’Oreal S.A., France. It has entered into a license agreement with L’Oreal France, which awarded the…

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