Tribunal held that , assessee had produced bills and invoices for purchase of Dinner set and had made payment through banking channel but assessee had failed to give list of recipients of gift material or confirmation ,therefore the assessee’s claim should be restricted to 30 per cent of its claim and assessee would get partial relief (AY.2011-12)
DCIT v. Laboratories Griffon (P.) Ltd. (2018) 170 ITD 387/ 65 ITR 317 /193 TTJ 855/ ( 2019) 178 DTR 355(Kol) (Trib.)
S.37(1): Business expenditure -Distribution of gift articles – Accommodation entries- Bogus purchases – Disallowance was restricted to 30 % of the claim .