Revenue authority mandates using scheme-specific reversal procedures, not revising original entries, for instrument-based trade/customs benefits effec...
Transaction value under s.15(1) governs unrelated sales; valuation between related parties per Rule 28; consignment note required for unregistered rec...
Expenditure incurred on sponsorship & other expenses of Polo...
Polo Tournament Sponsorship Deemed Personal Expenses, No Business Benefits Found for Assessee.
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Income TaxJuly 5, 2012Case LawsAT
Expenditure incurred on sponsorship & other expenses of Polo tournament - there was no business benefits to the assessee by making such expenditure on advertisement. - treated as personal expenditure - AT
Expenditure incurred on sponsorship & other expenses of Polo tournament - there was no business benefits to the assessee by making such expenditure on advertisement. - treated as personal expenditure - AT
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