Gifts to Dealers and “Shagun” during Marriage of Dealers and Staff are Effective Tools for Business Promotion and Social Welfare, Deductible: ITAT [Read Order]

By Yogitha S. Yogesh - On January 29, 2023 12:30 pm - 2 mins read
Gifts - Dealers - Gifts to Dealers - Shagun - Marriage of Dealers - Marriage of Dealers and Staff - Business Promotion - Social Welfare - Deductible - ITAT - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that gifts to dealers and “Shagun” during the marriage of dealers and staff are effective tools for business promotion and social welfare and are a deductible expense. The Revenue challenged the orders of the CIT(A), dated 24.07.2018  which were in favour of the…

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