Expenses towards Gifts purchased for Sales Promotion allowable as Income Tax Deduction Even If List of Recipients are not provided: ITAT [Read Order]

Expenses - Gifts purchased - Sales Promotion - Deduction - ITAT - Taxscan

The Ahmedabad bench of the ITAT has held that the expenses towards gifts purchased for sales promotion shall be allowable as deduction even if the assessee failed to provide the list of the recipients. The assessee firm at the relevant time was engaged in the business of installation of computer and providing after-sale services; sale…

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