Court Allows Tax Deduction for Thrift Society's Expenses u/s 56, Linking Expenditure to Income Source.

Court Allows Tax Deduction for Thrift Society's Expenses u/s 56, Linking Expenditure to Income Source. https://www.taxtmi.com/highlights?id=33561 Deduction of expenditure incurred in earning income u/s 56 - assessee is a Thrift and Credit Society - the source is inextricable to the nature of the expenditure - deduction allowed - HC en-us Sat, 04 Mar 2017 13:49:53 +0530 Sat, 04 Mar 2017 13:49:53 +0530 TaxTMI RSS Generator Court Allows Tax Deduction for Thrift Society's Expenses u/s 56, Linking Expenditure to Income Source. https://www.taxtmi.com/highlights?id=33561 Deduction of expenditure incurred in earning income u/s 56 - assessee is a Thrift and Credit Society - the source is inextricable to the nature of the expenditure - deduction allowed - HC Highlights Income Tax Sat, 04 Mar 2017 13:49:53 +0530 https://www.taxtmi.com/highlights?id=33561