Court :
HC
Brief :
Held by hon"ble court that as the expenditure was incurred on purely commercial basis and as no deficiency was found in books of accounts the assessee was entitled to claim deduction for expenses incurred u/s 37(1).
Citation :
C.I.T Vs. Bhushan Dua
Judgement posted by
CA.Saibaburao Nanduri
Chartered Accountant
I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
