<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Chennai Open Tennis Tournament expenses disallowed as business deductions; deemed statutory duty expenses unrelated to business.</title>
    <link>https://www.taxtmi.com/highlights?id=55460</link>
    <description>Expenses incurred by contributing to Chennai Open Tennis Tournament - It is manifest that the amounts in question were paid by the assessee as a statutory agent to discharge a statutory duty unconnected with the business, though the occasion for the imposition arose because of the territorial nexus afforded by the accident of its doing business in India - Expenses not allowed - HC</description>
    <language>en-us</language>
    <pubDate>Tue, 10 Nov 2020 07:10:50 +0530</pubDate>
    <lastBuildDate>Tue, 10 Nov 2020 07:10:50 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=627406" rel="self" type="application/rss+xml"/>
    <item>
      <title>Chennai Open Tennis Tournament expenses disallowed as business deductions; deemed statutory duty expenses unrelated to business.</title>
      <link>https://www.taxtmi.com/highlights?id=55460</link>
      <description>Expenses incurred by contributing to Chennai Open Tennis Tournament - It is manifest that the amounts in question were paid by the assessee as a statutory agent to discharge a statutory duty unconnected with the business, though the occasion for the imposition arose because of the territorial nexus afforded by the accident of its doing business in India - Expenses not allowed - HC</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Tue, 10 Nov 2020 07:10:50 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=55460</guid>
    </item>
  </channel>
</rss>