37(1) general deduction

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 December 2011 gifts or sweet given to central excise officials on the occassion of festivals is allowable expenditure.
refer any case law.is it legal expenditure

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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24 December 2011 It is not illegal as it is the business necessity. Any Case Law will not be needed if such Cases (of sweets) are also being presented to Income Tax Authorities ( At least jurisdictional authorities).

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