Saturday, June 5, 2021

Sum paid for marketing support services to facilitate sale of products is allowable exp.: HC

INCOME TAX : Where assessee company had made provision towards warranty of certain amount based on methodology adopted by company from whom it had taken over business and said company had substantial experience in such business and said provision was made based on machine months which was a scientific method, impugned provision towards warranty was to be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/3vQm2Jg

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...