ITAT allows Diwali expenses incurred by assessee as business expenses
October 29, 2026
Income Tax, ITAT
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business – ITAT In a recent judgment, ITAT has held that expenses incurred by the assessee to celebrate Diwali at his business premises along with staff members, definitely creates …