https://www.taxtmi.com/caselaws?id=209876 The High Court upheld the decisions of the lower authorities, ruling that expenditure on advertisement and sales promotion, stamping fee, direct selling expenditure, and commission payment should be treated as revenue expenditure. The court dismissed the appeal by the Revenue, emphasizing that the expenses were allowable under section 37 of the Income-tax Act and directly related to the business activities of the assessee. Additionally, the court affirmed the classification of expenditure on leasehold improvements as capital expenditure, in line with established legal principles and previous judgments. en-us Tue, 10 May 2011 00:00:00 +0530 Tue, 09 Jul 2013 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209876 The High Court upheld the decisions of the lower authorities, ruling that expenditure on advertisement and sales promotion, stamping fee, direct selling expenditure, and commission payment should be treated as revenue expenditure. The court dismissed the appeal by the Revenue, emphasizing that the expenses were allowable under section 37 of the Income-tax Act and directly related to the business activities of the assessee. Additionally, the court affirmed the classification of expenditure on leasehold improvements as capital expenditure, in line with established legal principles and previous judgments. Case-Laws Income Tax Tue, 10 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209876