The nature of the expenditure incurred by the assessee under the head business promotion expenditure is not clear
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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