M/s. Reliance Footprint Ltd. Versus Asstt. Commissioner of Income tax- Circle 10 (3) - Income Tax - ITAT MUMBAI - Tri - Expenses u/s 37(1) - Held that - The expenditure are in the nature of salary, electricity, audit fee etc. incurred for expansion of existing line of business that is setting up of more number of stores/speciality stores or for maintenance of already established stores - Operations of these stores at various locations is one composite business and once business had been started ................................... Income Tax - Case Laws
↧