https://www.taxtmi.com/highlights?id=36016 Disallowance of business expenditure - Interest income - The principal source of recurring income of the assessee is from the members - it was absolutely necessary for the assessee to maintain goodwill amongst its members and to lure them to continue to do their business with the society if it give presents to its members and to commemorate silver jubilee celebrations - expenditure allowed - HC en-us Tue, 22 Aug 2017 07:27:46 +0530 Tue, 22 Aug 2017 07:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36016 Disallowance of business expenditure - Interest income - The principal source of recurring income of the assessee is from the members - it was absolutely necessary for the assessee to maintain goodwill amongst its members and to lure them to continue to do their business with the society if it give presents to its members and to commemorate silver jubilee celebrations - expenditure allowed - HC Highlights Income Tax Tue, 22 Aug 2017 07:27:46 +0530 https://www.taxtmi.com/highlights?id=36016