Unsubstantiated Personal Expenses of Directors not allowable as Business Promotion Expenses: ITAT [Read Order]

Personal Expenses - Directors - Business Promotion Expenses - Business Promotion - Promotion Expenses - ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ), constituted of Anil Chaturvedi (Accountant Member) and Anubhav Sharma (Judicial Member) held unsubstantiated personal expenses of directors are not allowable as Business Promotion Expenses. In the present appeal filed by the assessee Gryphon Appliances Ltd. it was submitted that the assessee/ appellant had…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now