Case Law Details
Case Name : Rajeev Verma Vs ACIT (ITAT Delhi)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Delhi
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Rajeev Verma Vs ACIT (ITAT Delhi)
The issue under consideration is whether AO and CIT(A) are correct in disallowing the Business Promotional Expenditure declared by the assessee?
In the present case, during the course of assessment proceedings, the Assessing Officer (AO) observed that the assessee had debited an amount as business promotion expenses and the assessee was required to furnish detailed ledger account of these expenses. From the perusal of the ledger account it was observed that the major part of the expenditure was towards purchase of precious items, gold items and cash payments f...
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Author Bio
employee business promotion is applicable for tds deducted and also how to get entry posted