Taxpayer Fails to Provide Detailed Expenditure of Rs. 35.2 lakhs Claimed as Business Promotion Expenses: ITAT Directs Re-adjudication [Read Order]

The nature of the expenditure incurred by the assessee under the head business promotion expenditure is not clear
ITAT - ITAT Mumbai - Income Tax - Business Promotion Expenses - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed re-adjudication as the taxpayer failed to provide detailed expenditure of Rs. 35.2 lakhs claimed as business promotion expenses. The assessee was a partnership firm and is engaged in trading and distribution of cardiac stents, biomedical instruments, medical instruments, equipment, and machinery….

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