https://www.taxtmi.com/caselaws?id=776848 ITAT MUMBAI (AT) partly allowed the appeal, sustaining Rs. 14,28,684 and deleting Rs. 21,82,074 of business promotion expenses out of total Rs. 36,10,758. The tribunal accepted that gold coins (total 1,049 g) formed the bulk of promotion costs but, due to lack of sufficient recipient details and inadequate explanation of their business assistance, disallowed 50% of the gold-coin expenditure. Other small club and resort expenses were largely allowed. en-us Mon, 18 Aug 2025 00:00:00 +0530 Wed, 20 Aug 2025 08:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776848 ITAT MUMBAI (AT) partly allowed the appeal, sustaining Rs. 14,28,684 and deleting Rs. 21,82,074 of business promotion expenses out of total Rs. 36,10,758. The tribunal accepted that gold coins (total 1,049 g) formed the bulk of promotion costs but, due to lack of sufficient recipient details and inadequate explanation of their business assistance, disallowed 50% of the gold-coin expenditure. Other small club and resort expenses were largely allowed. Case-Laws Income Tax Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776848