Daily digest for Gupta Chandan & Associates, on February 15, 2021

posted: "INCOME-TAX : Where assessee-company entered into an agreement with a company named Ford, who agreed to establish additional infrastructure facility at their end to ensure uninterrupted power supply to assessee and assessee paid a certain sum to Ford, thou" New post on Gupta Chandan & Associates Expenditure incurred for ensuring uninterrupted power supply is an allowable business expense INCOME-TAX : Where assessee-company entered into an agreement with a company named Ford, who agreed to establish additional infrastructure facility at their end to ensure uninterrupted power supply to assessee and assessee paid a certain sum to Ford, though assessee had parted with substantial funds to Ford, capital asset continued to remain property of Ford, […] Read more of this post February 15, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-Xz Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/expenditure-incurred-for-ensuring-uninterrupted-power-supply-is-an-allowable-business-expense/