[aaykarbhavan] Exp. incurred on expansion of business which had no nexus with existing business couldn’t be allowed

Exp. incurred on expansion of business which had no nexus with existing business couldn't be allowed

February 13, 2015[2015] 54 taxmann.com 8 (Karnataka)

IT: Where expenditure incurred by assessee for expansion of business had no nexus with business carried on by assessee, same was not allowable under section 37(1)

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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