https://www.taxtmi.com/caselaws?id=244647 The Tribunal upheld the CIT(A)'s decision regarding the case. It ruled that the advertisement expenses were revenue in nature, not capital expenditure, as they were routine operational expenses for sales promotion. Additionally, the reported shortage in closing stock was deemed normal business loss due to goods issued for display and other reasons, not sales made out of the books. The revenue's appeal was dismissed, affirming the findings of the CIT(A). The order was pronounced on 21st Feb., 2014. en-us Fri, 21 Feb 2014 00:00:00 +0530 Tue, 04 Mar 2014 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244647 The Tribunal upheld the CIT(A)'s decision regarding the case. It ruled that the advertisement expenses were revenue in nature, not capital expenditure, as they were routine operational expenses for sales promotion. Additionally, the reported shortage in closing stock was deemed normal business loss due to goods issued for display and other reasons, not sales made out of the books. The revenue's appeal was dismissed, affirming the findings of the CIT(A). The order was pronounced on 21st Feb., 2014. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244647