https://www.taxtmi.com/caselaws?id=207951 The High Court ruled in favor of the assessee in a case concerning the disallowance of advertisement expenses and printing/stationery expenses for Assessment Year 1997-98. The Court found that the Assessing Officer's disallowance based on non-ledgerization and block assessment proceedings was flawed. It directed the AO to verify the genuineness of the claimed expenses and allow deductions if legitimate. The Court emphasized that the expenses should be considered in regular assessment, not block assessment, setting aside the lower authorities' decisions and remitting the issues for further verification. en-us Wed, 11 May 2011 00:00:00 +0530 Sat, 21 May 2011 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207951 The High Court ruled in favor of the assessee in a case concerning the disallowance of advertisement expenses and printing/stationery expenses for Assessment Year 1997-98. The Court found that the Assessing Officer's disallowance based on non-ledgerization and block assessment proceedings was flawed. It directed the AO to verify the genuineness of the claimed expenses and allow deductions if legitimate. The Court emphasized that the expenses should be considered in regular assessment, not block assessment, setting aside the lower authorities' decisions and remitting the issues for further verification. Case-Laws Income Tax Wed, 11 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207951