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2012 (10) TMI 132 - JHARKHAND HIGH COURTDisallowance of advertisement and promotion expenses - Held that:- I.T.A.T has already held that Section 37(2A) which was omitted by Finance Act, 1992 with effect from 1st April, 1993, has no effect and the Assessee was entitled to the benefit under Section 37(2A) of the I.T.Act. no error was committed by the I.T.A.T. in the impugned order - in favour of assessee. Disallowance of gifts and articles - Held that:- There was Company's official rubber stamp on gift articles, therefore, the gift articles were for the purpose of incentive for promotion of the business. There was element of advertisement in distribution of these gift articles, therefore, the Assessee was entitled to the benefit - in favour of assessee.
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