https://www.taxtmi.com/caselaws?id=256817 The High Court upheld the decisions of the Tribunal and CIT(A), ruling in favor of the assessee. The Court found that the deduction for sample distribution expenses, including the distribution of shahtoosh shawls, was allowable under Section 37(1) of the Income-tax Act, 1961. The Court held that the expenses were incurred wholly and exclusively for the purpose of business, emphasizing that Section 37(1) does not require immediate sales or income generation. The Revenue's appeal was dismissed, and the substantial question of law was decided against the Revenue. en-us Thu, 19 Sep 2013 00:00:00 +0530 Mon, 23 Feb 2015 04:58:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256817 The High Court upheld the decisions of the Tribunal and CIT(A), ruling in favor of the assessee. The Court found that the deduction for sample distribution expenses, including the distribution of shahtoosh shawls, was allowable under Section 37(1) of the Income-tax Act, 1961. The Court held that the expenses were incurred wholly and exclusively for the purpose of business, emphasizing that Section 37(1) does not require immediate sales or income generation. The Revenue's appeal was dismissed, and the substantial question of law was decided against the Revenue. Case-Laws Income Tax Thu, 19 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256817