Assessing Officer's disallowance u/s 40A(3) overturned by CIT(A); Marico Ltd expenses reexamined for exemption eligibility.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance made u/s 40A(3) - AO noticed that the assessee’s sister concern named M/s Marico Ltd had incurred certain expenses on behalf of the assessee herein thus expenditure incurred through Journal entries does not fall in any of the exemptions provided under Rule 6DD - CIT(A) deleted the addition - matter requires reexamination - AT....