Payment to Federation of Indian Mineral Industries is Deductible Business Expenditure since Business Interest was involved: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the payment made to the federation of Indian Mineral Industries is deductible from the business income since such a payment was made to protect the business interests of the assessee. The assessee, M/s Zeenath Transport Company has made a payment of Rs.10 lakhs and […]
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