https://www.taxtmi.com/caselaws?id=15003 The High Court of Madras ruled in favor of the Revenue, denying the deduction claimed by the assessee for the cost of gifts made on personal occasions like the marriage of the chairman's family. The court held that such gifts were of a personal nature and not legitimate business expenditure, emphasizing the distinction between business and personal relationships. The court rejected the claim, stating that gifts at family weddings do not qualify as business expenses, akin to gifts made by individuals out of taxed income for non-business purposes. en-us Wed, 25 Nov 1998 00:00:00 +0530 Mon, 27 Jul 2009 15:43:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15003 The High Court of Madras ruled in favor of the Revenue, denying the deduction claimed by the assessee for the cost of gifts made on personal occasions like the marriage of the chairman's family. The court held that such gifts were of a personal nature and not legitimate business expenditure, emphasizing the distinction between business and personal relationships. The court rejected the claim, stating that gifts at family weddings do not qualify as business expenses, akin to gifts made by individuals out of taxed income for non-business purposes. Case-Laws Income Tax Wed, 25 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15003