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A company has made 175 years of completion celebrations and its expenses has been charged to P/L a/c for AY 2008 -09. Now company got a notice from department to pay fbt on such expenses as it is covered under festival celebrations. but my query is that no where in the provisions or circular it has been clarified that 175 years completion celebration is covered under festival celebration or entertainment expenditure liable for FBT. please suggest on what grounds we can say that concerned expenses is not covered under FBT. please for the sake of site atleast give answers to atleast one query which I have posted till now I havnt got any answer for my queries |
