Disallowance of Advertisement expenses u/s. 37 - the assessee ...

Ad Expenses u/s 37: Initially Capitalized, Later Allowed as Revenue Expenditure in Revised Tax Return.

November 8, 2022

Case Laws Income Tax AT

Disallowance of Advertisement expenses u/s. 37 - the assessee had treated the aforesaid expenses as capital work in progress - advertisement expenses were almost 4 times the turnover of the assessee in the first year of operations - the advertisement expenditure claimed by the assessee as revenue expenditure in the revised return of income is, allowable - AT

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Disallowance of Advertisement expenses u/s. 37 - the assessee ...

Ad Expenses u/s 37: Initially Capitalized, Later Allowed as Revenue Expenditure in Revised Tax Return.

November 8, 2022

Case Laws Income Tax AT

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