https://www.taxtmi.com/caselaws?id=332884 The ITAT upheld the CIT(A)'s decisions on treating showroom expenses, notional interest, and advertisement expenses as revenue expenditure, deleting the additions made by the AO. However, the ITAT reversed the decision on late payment of employee's contributions to PF and ESIC, aligning with the Gujarat High Court's ruling. The Revenue's appeal was partly allowed, and the assessee's cross-objection was dismissed. en-us Fri, 12 Aug 2016 00:00:00 +0530 Mon, 03 Apr 2017 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332884 The ITAT upheld the CIT(A)'s decisions on treating showroom expenses, notional interest, and advertisement expenses as revenue expenditure, deleting the additions made by the AO. However, the ITAT reversed the decision on late payment of employee's contributions to PF and ESIC, aligning with the Gujarat High Court's ruling. The Revenue's appeal was partly allowed, and the assessee's cross-objection was dismissed. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332884