https://www.taxtmi.com/caselaws?id=326345 The Tribunal dismissed all appeals by the Revenue, upholding the CIT(A)'s decisions on both issues. The sales promotion expenses were allowed in full as revenue expenditure, and the power and fuel expenses related to the residential colony were deemed allowable business expenditures. The Tribunal emphasized the non-recognition of Deferred Revenue Expenditure under the Income Tax Act and the obligation of the company to provide facilities to its employees. en-us Thu, 10 Mar 2016 00:00:00 +0530 Wed, 13 Apr 2016 10:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326345 The Tribunal dismissed all appeals by the Revenue, upholding the CIT(A)'s decisions on both issues. The sales promotion expenses were allowed in full as revenue expenditure, and the power and fuel expenses related to the residential colony were deemed allowable business expenditures. The Tribunal emphasized the non-recognition of Deferred Revenue Expenditure under the Income Tax Act and the obligation of the company to provide facilities to its employees. Case-Laws Income Tax Thu, 10 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326345