No addition can be made on Expenses incurred for  Purchases of liquor from Licensed Suppliers :ITAT [Read Order]

No addition can be made on Expenses incurred for - Purchases of liquor from Licensed Suppliers - ITAT - TAXSCAN

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that no addition could be made on expenses incurred for purchase of liquor from liquor from licensed suppliers . The assessee Shakti Singh Gulia  Ltd,engaged in the business of trading of liquor and also deriving income from salary/pension from Haryana Government. The assessee filed…

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