https://www.taxtmi.com/highlights?id=69830 Disallowance of business promotion expenditure to the extent of 50% - The employees and Directors of the assessee company would incur the expenditure in their credit cards and later on the same were reimbursed by the assessee company to the Directors and employees. In any case, there cannot be any element of personal expenditure in the hands of the company - AT en-us Thu, 18 May 2023 08:37:57 +0530 Thu, 18 May 2023 08:37:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69830 Disallowance of business promotion expenditure to the extent of 50% - The employees and Directors of the assessee company would incur the expenditure in their credit cards and later on the same were reimbursed by the assessee company to the Directors and employees. In any case, there cannot be any element of personal expenditure in the hands of the company - AT Highlights Income Tax Thu, 18 May 2023 08:37:57 +0530 https://www.taxtmi.com/highlights?id=69830