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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Expenses incurred during the year on account of advertisement ...


Advertisement Expenses Fully Allowable: No Deferred Revenue Expenditure in Tax Laws, All Costs Permitted by Authorities.

March 18, 2016

Case Laws     Income Tax     AT

Expenses incurred during the year on account of advertisement and publicity - here is no concept of deferred revenue expenditure in Income-tax laws. The genuineness of the expenditure has not been doubted by the revenue authorities - entire expenditure allowed - AT

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