Wednesday, July 7, 2021

Exp. incurred by MRF on establishing foundation to give training to pace bowlers allowable as business exp.: HC

INCOME TAX : Where assessee, manufacturer of sports products, claimed an expenditure towards establishing a pace foundation for giving training to pace bowlers, since assessee got huge publicity by training of bowlers through said foundation and it promoted assessee's brand thereby helping in sale of products, impugned expenditure was to be allowed under secion 37(1)

from www.taxmann.com Latest Case Laws https://ift.tt/2SSGU4t
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