https://www.taxtmi.com/caselaws?id=207775 The Tribunal found in favor of the assessee, holding that the Commissioner of Income Tax's invocation of Section 263 was invalid. The Tribunal concluded that the Assessing Officer had properly examined the issues related to advertisement expenses and advances, and the CIT's differing opinion did not render the AO's order erroneous. It was established that the business commenced with land acquisition, making the advertisement expenses legitimate revenue expenditures. The Tribunal quashed the CIT's order and upheld the original assessment order in favor of the assessee. en-us Fri, 01 Jan 2010 00:00:00 +0530 Sun, 25 Dec 2011 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207775 The Tribunal found in favor of the assessee, holding that the Commissioner of Income Tax's invocation of Section 263 was invalid. The Tribunal concluded that the Assessing Officer had properly examined the issues related to advertisement expenses and advances, and the CIT's differing opinion did not render the AO's order erroneous. It was established that the business commenced with land acquisition, making the advertisement expenses legitimate revenue expenditures. The Tribunal quashed the CIT's order and upheld the original assessment order in favor of the assessee. Case-Laws Income Tax Fri, 01 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207775