https://www.taxtmi.com/caselaws?id=236221 The Tribunal upheld the CIT (A)'s decision to delete additions concerning the disallowance of entertainment tax subsidy and capitalization of advertisement expenses. The Tribunal found the subsidy to be capital in nature, not taxable, based on its purpose of promoting long-term operational multiplexes. Additionally, the advertisement expenses were allowed in full for the year incurred as they were deemed to be for business purposes. The alternative issue on the deduction of entertainment tax under section 43B was not addressed as the primary additions were deleted. Both department appeals and the assessee's Cross Objections were dismissed. en-us Fri, 19 Jul 2013 00:00:00 +0530 Mon, 19 Aug 2013 07:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236221 The Tribunal upheld the CIT (A)'s decision to delete additions concerning the disallowance of entertainment tax subsidy and capitalization of advertisement expenses. The Tribunal found the subsidy to be capital in nature, not taxable, based on its purpose of promoting long-term operational multiplexes. Additionally, the advertisement expenses were allowed in full for the year incurred as they were deemed to be for business purposes. The alternative issue on the deduction of entertainment tax under section 43B was not addressed as the primary additions were deleted. Both department appeals and the assessee's Cross Objections were dismissed. Case-Laws Income Tax Fri, 19 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236221