High Court Highlights Importance of Recognizing Legitimate Sports Event Expenses to Avoid Taxing Gross Receipts Instead of True Income.

High Court Highlights Importance of Recognizing Legitimate Sports Event Expenses to Avoid Taxing Gross Receipts Instead of True Income. https://www.taxtmi.com/highlights?id=17659 Genuineness of expenses incurred on supports event - If such expenditure is not allowed, it may amount to taxing the gross receipts of the assessee and not the income, which is not permissible - HC en-us Mon, 10 Mar 2014 23:00:08 +0530 Mon, 10 Mar 2014 23:00:08 +0530 TaxTMI RSS Generator High Court Highlights Importance of Recognizing Legitimate Sports Event Expenses to Avoid Taxing Gross Receipts Instead of True Income. https://www.taxtmi.com/highlights?id=17659 Genuineness of expenses incurred on supports event - If such expenditure is not allowed, it may amount to taxing the gross receipts of the assessee and not the income, which is not permissible - HC Highlights Income Tax Mon, 10 Mar 2014 23:00:08 +0530 https://www.taxtmi.com/highlights?id=17659