Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (4) TMI 298 - HC - Income TaxNature of expenditure – business promotion versus advertisement – Rule 6B – the assessee-respondent has claimed expenditure of Rs. 1,05,306/- on account of export promotion, publicity expenses and advertisement outside India. Another sum of Rs. 37,933 was also claimed for article presented or intended for presentation where expenditure on each article had exceeded Rs. 50/-. - Held that: - Rule 6-B (1) envisages permissible allowance in respect of advertisement and then it goes on specifying those item. It is obvious from the plain reading of the Rule 6B (1) (a) that allowance in respect of expenditure on advertisement must not exceed the pecuniary limit specified. - an article for presentation meant for sale promotion would not attract the application of Rule 6B and cannot on that count qualify for disallowance.
|