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![Flat purchased for providing Residential Accommodation to Managing Director is a Business Necessity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Cenvat-Credit-Sale-Flat-Taxscan.jpg "Flat purchased for providing Residential Accommodation to Managing Director is a Business Necessity: ITAT [Read Order]")
Flat purchased for providing Residential Accommodation to Managing Director is a Business Necessity: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that when a company purchases flat for providing accommodation facility to its...