https://www.taxtmi.com/caselaws?id=253534 The High Court dismissed the appeals concerning the assessment under Section 153C of the Income Tax Act, 1961 for the years 2003-04, 2004-05, and 2005-06. The court upheld the Commissioner of Income Tax (Appeals) and Tribunal's decisions to delete the disallowance of expenditure on advertisement and brand building. Emphasizing the lack of evidence supporting the disallowance and the statutory provisions governing expenditure, the court ruled in favor of the respondent, highlighting the importance of factual correctness in assessment proceedings. The court refrained from addressing additional issues related to the search operation and statutory amendments, leaving them open for future cases. en-us Fri, 14 Nov 2014 00:00:00 +0530 Tue, 03 Mar 2026 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253534 The High Court dismissed the appeals concerning the assessment under Section 153C of the Income Tax Act, 1961 for the years 2003-04, 2004-05, and 2005-06. The court upheld the Commissioner of Income Tax (Appeals) and Tribunal's decisions to delete the disallowance of expenditure on advertisement and brand building. Emphasizing the lack of evidence supporting the disallowance and the statutory provisions governing expenditure, the court ruled in favor of the respondent, highlighting the importance of factual correctness in assessment proceedings. The court refrained from addressing additional issues related to the search operation and statutory amendments, leaving them open for future cases. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253534