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2011 (5) TMI 511 - HC - Income TaxExpenditure on advertisement and sales promotion - capital v/s revenue - Held that:- Such an expenditure on account of advertisement and sales promotion is held by this court to be revenue in nature by answering this question in a batch of appeals with the lead case being entitled CIT v. Citi Financial Consumer Fin. Ltd. [2011 (3) TMI 622 - Delhi High Court] - Answered in favour of the assessee. Stamping fee, direct selling expenditure and commission payment - As per the judgment of this court in CIT v. Salora International Ltd. [2008 (8) TMI 138 - DELHI HIGH COURT] the expenditure was required to be allowed as revenue/business expenditure incurred in that year - Decided in favour of assessee. Expenditure on lease hold improvements - The Assessing Officer took the view that the lease improvements were on account of renovation carried out in the lease premises and, therefore, had to be capitalised - Held that:- As when in the earlier year also, the assessee had capitalised the same and claimed depreciation at 10 per cent. on it thus to be treated as capital expenditure and allowed depreciation at 10 per cent - This appeal is dismissed accordingly.
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