2015 (6) TMI 250

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..... 1. The revenue is aggrieved by the order of the Income Tax Appellate Tribunal (ITAT) dated 31.10.2014 whereby it refused to interfere with the decision of the CIT(A) on two issues. It is contended that the disallowance of management fee made by the AO to the tune of Rs. 1,34,35,168/- was not justified. Likewise, the ITAT's reasoning with respect to advertising expenditure of Rs. 28,74,947/- .....

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..... ) also took note of the relevant authoritites under Section 37. On these grounds, the said expenditure was allowed. The ITAT confirmed the CIT(Appeals)'s decision. 3. We have considered the submissions. As to whether the expenditure was wholly laid out for the business purpose and was driven by commercial expediency cannot be viewed from a narrow lens of revenue officer's perspective. The .....

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