Company's Rs. 13.38 Lakhs on Directors' Spouses' Foreign Tours Disallowed u/s 37 of Income Tax Act.

Company's Rs. 13.38 Lakhs on Directors' Spouses' Foreign Tours Disallowed u/s 37 of Income Tax Act. https://www.taxtmi.com/highlights?id=14746 Expenditure on spouse/ relatives of Director of the company is disallowed u/s 37 of the Income Tax Act - a sum of Rs. 13.38 lakhs incurred by the appellant-company on the foreign tours of spouses of the directors has rightly been disallowed - AT en-us Thu, 26 Sep 2013 14:33:31 +0530 Thu, 26 Sep 2013 14:33:31 +0530 TaxTMI RSS Generator Company's Rs. 13.38 Lakhs on Directors' Spouses' Foreign Tours Disallowed u/s 37 of Income Tax Act. https://www.taxtmi.com/highlights?id=14746 Expenditure on spouse/ relatives of Director of the company is disallowed u/s 37 of the Income Tax Act - a sum of Rs. 13.38 lakhs incurred by the appellant-company on the foreign tours of spouses of the directors has rightly been disallowed - AT Highlights Income Tax Thu, 26 Sep 2013 14:33:31 +0530 https://www.taxtmi.com/highlights?id=14746