https://www.taxtmi.com/highlights?id=52246 Even if expenditure may not have been incurred under any legal obligation, yet it is allowable as a business expenditure if it was incurred on grounds of commercial expediency. The case of the assessee is that the assessee has made advances to its subsidiary for business expediency. - AT en-us Mon, 09 Mar 2020 17:27:40 +0530 Mon, 09 Mar 2020 17:27:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52246 Even if expenditure may not have been incurred under any legal obligation, yet it is allowable as a business expenditure if it was incurred on grounds of commercial expediency. The case of the assessee is that the assessee has made advances to its subsidiary for business expediency. - AT Highlights Income Tax Mon, 09 Mar 2020 17:27:40 +0530 https://www.taxtmi.com/highlights?id=52246