https://www.taxtmi.com/caselaws?id=218526 The Tribunal upheld the CIT(A)'s decision to allow the assessee's claim for expenditure on advertisement in the assessment year 2007-08, rejecting the Revenue's appeal. The expenditure was deemed allowable in the year it was incurred, following relevant case laws and High Court rulings. The Cross Objection by the assessee was dismissed as infructuous, supporting the CIT(A)'s decision. The Revenue's appeal was partly allowed for statistical purposes, remitting the issue of section 14A back to the Assessing Officer. en-us Tue, 31 Jul 2012 00:00:00 +0530 Mon, 19 Nov 2012 06:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218526 The Tribunal upheld the CIT(A)'s decision to allow the assessee's claim for expenditure on advertisement in the assessment year 2007-08, rejecting the Revenue's appeal. The expenditure was deemed allowable in the year it was incurred, following relevant case laws and High Court rulings. The Cross Objection by the assessee was dismissed as infructuous, supporting the CIT(A)'s decision. The Revenue's appeal was partly allowed for statistical purposes, remitting the issue of section 14A back to the Assessing Officer. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218526