ITAT allows Liquor, Buffet Dinner and Govt Taxes to DLF Resort expenses as Business Promotion Expenses u/s 37(1) [Read Order]

The expenses on food and liquor for business meetings can potentially be allowed as a deduction under Section 37(1) of the Income Tax Act, 1961.
By Aiswarya Krishnadas - On July 9, 2024 11:48 am - 2 mins read
Itat - income tax appellate tribunal - income tax news – taxnews

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) allowed expenses for liquor, buffet dinner, and government taxes paid to DLF Resort as business promotion expenses under Section 37(1) of the Income Tax Act. The Appellant Rhine Energy LLP preferred an appeal mentioning that addition of Rs. 20,00,557/- and Rs. 1,04,318/- under section 37…

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