https://www.taxtmi.com/caselaws?id=203791 The Tribunal upheld the disallowance of marketing and business development expenses incurred by the assessee, ruling that the expenses were not wholly and exclusively for the assessee's business but were capital in nature. The Tribunal affirmed the decision of the Commissioner of Income Tax (Appeals) and emphasized that the expenses, amounting to Rs. 2,04,30,000, were not allowable under Section 37(1) of the Income Tax Act. en-us Fri, 13 Aug 2010 00:00:00 +0530 Sat, 18 Jun 2011 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203791 The Tribunal upheld the disallowance of marketing and business development expenses incurred by the assessee, ruling that the expenses were not wholly and exclusively for the assessee's business but were capital in nature. The Tribunal affirmed the decision of the Commissioner of Income Tax (Appeals) and emphasized that the expenses, amounting to Rs. 2,04,30,000, were not allowable under Section 37(1) of the Income Tax Act. Case-Laws Income Tax Fri, 13 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203791