Case Law Details
Case Name : Schwing Stetter (India) Private Limited Vs DCIT (ITAT Chennai)
Related Assessment Year : 2006-07
Courts :
All ITAT ITAT Chennai
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Advocate Akhilesh Kumar Sah
Schwing Stetter (India) Private Limited Vs DCIT (ITAT Chennai)
Schwing Stetter (India) Private Limited case: Where except for the debit entries, assessee did not produce any evidence to show that the expenditure was incurred wholly and exclusively for the purpose of business expenditure, held as unallowable for deduction while computing total income
In Schwing Stetter (India) Private Limited vs. DCIT [I.T.A. No.1361/CHNY/2015, A.Y.: 2006-07, decided on 03.01,2019], one of the ground in the appeal was as under:-
“Disallowance of expenditure towards gift- Rs.11,20...
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Is there any clarity on the limit of amount of expenses that can be claimed as business expenditure without providing bills or supports