https://www.taxtmi.com/caselaws?id=78917 The High Court ruled in favor of the assessee on the disallowance under section 37(3A) and the expenditure under section 37(2). However, it sided with the revenue on the interest chargeability under section 216. The deletion of business expenditure under 'Sales promotion expenditure' was upheld, as it was a matter of fact. en-us Tue, 20 Jul 2010 00:00:00 +0530 Fri, 20 Jan 2012 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78917 The High Court ruled in favor of the assessee on the disallowance under section 37(3A) and the expenditure under section 37(2). However, it sided with the revenue on the interest chargeability under section 216. The deletion of business expenditure under 'Sales promotion expenditure' was upheld, as it was a matter of fact. Case-Laws Income Tax Tue, 20 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78917