Whether an expenditure paid by director for a consultant who accompanied him on a business trip allowable as business expense? Give relevant case laws.
4 Replies
CA Rohit Jain
(Practice)
(1865 Points)
Replied 30 May 2016
Yes it is, provided that the consultancy is obtained for the company.
Shagun Borgaonkar
(Indirect Tax Assistant)
(72 Points)
Replied 31 May 2016
Agree with CA Rohit Jain... Sec 37 is relevant section....
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