Asst. CIT v. Shrigopal Rameshkumar Sales (P.) Ltd. (2025) 123 ITR 1 (Nagpur)(Trib.)

S. 37(1) : Business expenditure-Personal expenses of directors-No evidence that expenditure belonged to assessee-Addition deleted.

The Tribunal held that the expenditure represented the personal expenses of the directors and there was no material to establish that such expenditure was incurred by the assessee for its business. The addition was therefore rightly deleted. (AY. 2015-16).

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