https://www.taxtmi.com/caselaws?id=356761 The Tribunal upheld the decision of the CIT(Appeals) and dismissed the Revenue's appeal, confirming the allowance of advertisement expenditure claimed by the real estate promoter as revenue expenditure for the year in which the advertisements were made. The Tribunal emphasized that the advertisement costs were general in nature, promoting various projects and the company's image, and should not be disallowed solely because no income was disclosed for the specific project "Atlantis." en-us Tue, 30 Jan 2018 00:00:00 +0530 Mon, 12 Mar 2018 06:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356761 The Tribunal upheld the decision of the CIT(Appeals) and dismissed the Revenue's appeal, confirming the allowance of advertisement expenditure claimed by the real estate promoter as revenue expenditure for the year in which the advertisements were made. The Tribunal emphasized that the advertisement costs were general in nature, promoting various projects and the company's image, and should not be disallowed solely because no income was disclosed for the specific project "Atlantis." Case-Laws Income Tax Tue, 30 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356761