July 2001

37(3A), Sec. 37(3b), Section 37

Karnataka H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the expenditure incurred by the assessee towards conducting seminars and exhibitions would fall under the purview of s. 37(3A) of the IT Act, for the purpose of disallowance on the ground that such expenditure was of the nature of advertisement and sales promotion expenses and when in any case, the two sums of Rs. 1,34,687.88 and Rs. 5,978.60 out of the said expenditure were clearly of the nature of payments made to hotels ?

High Court Of Karnataka Widia (India) Ltd. vs. CIT Sections 37(3A), 37(3B) Asst. year 1984-85 A.M. Farooq & D.V. Shylendra […]

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