« Top Headlines » Open DEMAT Account in 24 hrs  Tax planning for 2025: How to maximise your savings before March 31 deadline  New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha  5 major changes in the last 6 months every taxpayer should know!  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025 «  Indo-Mauritius tax treaty may still be on ... Residence-office transport out of FBT net... » Exhibition cost is biz expense, rules ITAT May, 27th 2008 Companies can treat expenditure incurred on participating in exhibitions as business expense and claim tax benefits, the Income Tax Appellate Tribunal has said in a recent decision. Giving its ruling in a case pertaining to the Indian subsidiary of Austrian auto component maker Styler Daimler Puch, ITAT said expenditure on exhibitions is aimed to propagate business and hence cannot be disallowed for claiming tax benefits by the tax department. All the expenses were aimed to propagate the assessees business... I accordingly allow the expenses, ITAT president Vimal Gandhi said. The case pertains to participation of Austrian companys subsidiary Styler India, in Auto Expo 1998, on which the company spent about Rs 15 lakh.