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    July 30, 2025 Case Laws Income Tax
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    Income Tax

    Nature of expenses - payment made for premature termination of...

    Premature Termination Payment in Advertising Sale Agreement Allowed as Revenue Expenditure by High Court.

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    Income TaxAugust 18, 2023Case LawsHC

    Nature of expenses - payment made for premature termination of Advertising Sale Agreement - revenue or capital expenditure - by paying the compensation under ASTA, assessee not only saved the expense that it would have had to incur in the relevant previous year but also for few more years to come. - Claim allowed as revenue expenditure - HC

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