Disallowing Ad Expenses as "Deferred Revenue Expenditure" Invalid; Must Be "Revenue" or "Capital" Per Income-tax Act.

Disallowing Ad Expenses as "Deferred Revenue Expenditure" Invalid; Must Be "Revenue" or "Capital" Per Income-tax Act. https://www.taxtmi.com/highlights?id=15506 Disallowance on account of advertisement expenses – There is no concept of “deferred revenue expenditure“ in the Income-tax Act. The expenditure is either “revenue“ or “capital“ in nature. - AT en-us Mon, 04 Nov 2013 06:00:59 +0530 Mon, 04 Nov 2013 06:00:59 +0530 TaxTMI RSS Generator Disallowing Ad Expenses as "Deferred Revenue Expenditure" Invalid; Must Be "Revenue" or "Capital" Per Income-tax Act. https://www.taxtmi.com/highlights?id=15506 Disallowance on account of advertisement expenses – There is no concept of “deferred revenue expenditure“ in the Income-tax Act. The expenditure is either “revenue“ or “capital“ in nature. - AT Highlights Income Tax Mon, 04 Nov 2013 06:00:59 +0530 https://www.taxtmi.com/highlights?id=15506