15 September 2014
Dear Experts Whether cash payments exceeding Rs 20000 paid to Kerala Electricity Board towards monthly Charges is allowable for Tax Audit Rgds
15 September 2014
Sir Kindly note that Kerala State Electricity Board(KSEB) is a statutory body of Kerala Goverment and in such a case whether the disallwance is necessary? Rgds
15 September 2014
Tushar is correct that electricity board is not covered within the definition of govt. However, such payments have been often allowed in cases such as Trivedi Corpn. Pvt. Ltd., Mumbai vs Assessee on 11 January, 2010 (ITA Nos.2844 & 2845/AHD/2006).
So, kindly refer to this case and check whether you can use this for defending your position
CAclubindia
