Puja Expenses Partially Allowed for Trucking Business Operations; 10% Disallowed to Prevent Revenue Loss.

Puja Expenses Partially Allowed for Trucking Business Operations; 10% Disallowed to Prevent Revenue Loss. https://www.taxtmi.com/highlights?id=53930 Disallowance of Puja expenses - non business expenses - Since it has been found that the expenses incurred are for the smooth functioning of the business of plying trucks, the expenses need to be allowed. However, taking into consideration the peculiar facts and circumstances of the case, 10% of the expenses may be disallowed for plugging the revenue loss if any. en-us Mon, 06 Jul 2020 12:44:43 +0530 Mon, 06 Jul 2020 12:44:43 +0530 TaxTMI RSS Generator Puja Expenses Partially Allowed for Trucking Business Operations; 10% Disallowed to Prevent Revenue Loss. https://www.taxtmi.com/highlights?id=53930 Disallowance of Puja expenses - non business expenses - Since it has been found that the expenses incurred are for the smooth functioning of the business of plying trucks, the expenses need to be allowed. However, taking into consideration the peculiar facts and circumstances of the case, 10% of the expenses may be disallowed for plugging the revenue loss if any. Highlights Income Tax Mon, 06 Jul 2020 12:44:43 +0530 https://www.taxtmi.com/highlights?id=53930