Exp on signals for timely presence of employes is allowable u/s 37(1)

Where consequent to introduction of Demat scheme, assessee-company paid one time custody charges to NSDL on behalf of its shareholders, expenditure so incurred was to be allowed as deduction under section 37(1)

IT-II: Where assessee incurred expenditure on installation of traffic signals at various parts of city in order to secure free movement of its employees so that they reached office in time, amount so spent being a part of its corporate responsibility, was to be allowed as business expenditure under section 37(1)

IT-III: Section 10A is an exemption section whereas section 80G is deduction section and therefore there would be no double deduction in respect of same item, even if a benefit under both sections has been claimed and allowed

IT-IV: Where assessee claimed deduction of provision for post sale customer support, in view of fact that assessee had not maintained separate account for amount claimed and, moreover, it could not even state what was actual amount spent towards said purpose, matter was to be remanded back for disposal afresh.
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