https://www.taxtmi.com/caselaws?id=329563 The Tribunal dismissed the Revenue's appeal, upholding the Ld. CIT (A)'s decisions on all three issues. The disallowance of prior period expenses was deleted as bills were received during the relevant assessment year. Legal and professional charges were not considered capital expenditure but a commission payment. The disallowance of expenditure as capital expenditure for advertisement and publicity expenses was overturned due to lower actual expenditure and income from selling publishing rights. The Tribunal supported the Ld. CIT (A)'s findings, resulting in the deletion of the additions in favor of the assessee. en-us Fri, 01 Jul 2016 00:00:00 +0530 Tue, 05 Jul 2016 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329563 The Tribunal dismissed the Revenue's appeal, upholding the Ld. CIT (A)'s decisions on all three issues. The disallowance of prior period expenses was deleted as bills were received during the relevant assessment year. Legal and professional charges were not considered capital expenditure but a commission payment. The disallowance of expenditure as capital expenditure for advertisement and publicity expenses was overturned due to lower actual expenditure and income from selling publishing rights. The Tribunal supported the Ld. CIT (A)'s findings, resulting in the deletion of the additions in favor of the assessee. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329563