It was held that in the assessee’s own case for the AY. 2006-07, the Tribunal had confirmed the disallowance at 50 per cent. of ceremony expenses. The disallowance in this year being at a lower level vis-à-vis that sustained by the Tribunal in the earlier year, no interference was called for. (AY. 2014-15, 2015-16)
Sant Tukaram Sahakari Sakhar Karkhana Ltd. v. ITO (2022)96 ITR 72 (SN)(Pune) (Trib)
S. 37(1) : Business expenditure-Ceremony expenses-Disallowance at 30 Per Cent is held to be justified.