ITAT allows Club Subscription / Expenses incurred to solicit Foreign Buyers: Disallows Expenses on Cigerattes / Wine [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench, on Tuesday allowed deduction to the assessee, Maharani of India, the club subscription/expenses incurred to solicit the foreign buyers except the amount spent on cigerrattes and wine. The assessee is engaged in the export of garments out of India and the foreign buyers, who visited India alongwith […]
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