Election campaign expenses not deductible under income-tax assessment, disallowed for candidates regardless of electoral outcome. The Board directs that expenses incurred in contesting elections to Parliament and State Legislatures are not allowable as a deduction when framing an income-tax assessment, and this disallowance applies regardless of whether the candidate wins or loses.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Election campaign expenses not deductible under income-tax assessment, disallowed for candidates regardless of electoral outcome.
The Board directs that expenses incurred in contesting elections to Parliament and State Legislatures are not allowable as a deduction when framing an income-tax assessment, and this disallowance applies regardless of whether the candidate wins or loses.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.