Expense with no business expediency on greeting politicians not allowable

Sadhana Sahakari Bank Ltd Vs ACIT (ITAT Pune) The Assessing Officer disallowed  expense of Rs. 1,27,500 u/s 37(1) of Income Tax Act on finding that the said expenditure relates to some advertisements connected to demise / birthday greetings / congratulating some politicians, etc. Ostensibly, the appellant has made  expenditure  of  Rs.1,27,500/- towards payment to daily newspaper for death news of G.P Pardhan, birth day greetings of Mr. Ajit Pawar and Mr. Sharad Pawar and congratulating Mr. Ajit Pawar. The appellant has not demonstrated that how this advertisement on print media is for att...