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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Nature of advertisement expenditure - revenue or capital - ...

Income Tax

June 6, 2019

Nature of advertisement expenditure - revenue or capital - public memory is very short and, therefore, the companies have to incur advertisement expenditure year after year to keep products fresh in the minds of the public hence such expenditure cannot partake the character of giving any enduring benefit - AO has grossly erred in treating such expenditure as intangible asset - revenue Exp.

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