Income Tax Authorities cannot determine how much expenditure should have been incurred for the purpose of business: ITAT [Read Order]

Authorities cannot step into the shoes of the businessmen to determine as to how much expenditure should have been incurred for the purpose of business, says ITAT Delhi

By Manu Sharma - On December 8, 2023 8:30 pm - 2 mins read

ITAT - INCOME TAX - expenditure - Authoritie - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that, income tax authorities cannot determine how much expenditure should have been incurred for the purpose of business. The appellant, Serco India Pvt. Ltd., a subsidiary of Serco Group PLC, UK, operates as a captive service center providing IT and IT-enabled services to its parent company….

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