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 appella

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