Day: May 27, 2017

Voluntarily charity not business expenditure u/s 37(1). Mere assertion that it was incurred for business not acceptable – ITAT

Voluntarily charity not business expenditure u/s 37(1). Mere assertion that it was incurred for business cannot be accepted without establishing nexus – ITAT ABCAUS Case Law Citation: ABCAUS 1266 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of Income …