Even a single instance of loan given can be considered as money lending business for bad debts allowance - ITAT…
Business Promotion Expenses – It is impossible for assessee to produce all persons with whom company had meetings in hotels…
Disallowance u/s 40A(3) for Cash Payments out of Business expediency deleted by ITAT following Supreme Court judgment ABCAUS Case Law…
No disallowance for cash payments u/s 40A(3) if genuineness of transactions and identity of the payee is established. ITAT deleted…
Business expediency not a question of law, much less a substantial question of law-High Court. If expected fruits are not…