Disallowance u/s 37 can’t be made when Details have been furnished by Assessee for Business Promotion Expenditure: ITAT [Read Order]

By Sunayana Dhal - On October 15, 2023 9:00 am - 2 mins read
Disallowance - Details - furnished by Assessee - Business Promotion Expenditure-ITAT-TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowance under Section 37 of the Income Tax Act, 1961 cannot be made when the details have been furnished by the assessee for the business promotion expenditure. The assessee is a company engaged in the business of trading FMCG (Fast Moving Consumer…

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