Cash Sales Promotion Expenses without Voucher by Corporate Entities and Income Tax Liability under Income-tax Act, 1961

Cash Sales Promotion Expenses without Voucher by Corporate Entities and Income Tax Liability under Income-tax Act, 1961 

In case of Underwater Services Co. Ltd v. DCIT [2025] GCtR 1341 (ITAT, Mumbai), assessee[corporate entity] has incurred certain expenses viz sundry expenses sales promotion expenses and expenses for gift but assessee could not establish that those expenses were incurred for the purpose of business. 50% of said amount was disallowed by AO. The appeal of assessee was allowed and 50% of said amount was allowed under Income-tax Act, 1961 by setting aside the findings of AO.