https://www.taxtmi.com/caselaws?id=360709 The High Court upheld the Assessing Officer's method of allocating advertisement expenses, rejecting the Commissioner of Income Tax (Appeals)'s formula. The court directed the AO to recalculate income allocation based on the proportion of publication and circulation of the Ahmedabad edition between the units. Regarding late Provident Fund contributions, the High Court remanded the matter to determine the nature of contributions for disallowance under section 43B, emphasizing disallowance only applies to employees' contributions made after the due date. The High Court's decision favored the Revenue, instructing the AO to adjust the assessee's income accordingly. en-us Wed, 25 Apr 2018 00:00:00 +0530 Tue, 13 Nov 2018 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360709 The High Court upheld the Assessing Officer's method of allocating advertisement expenses, rejecting the Commissioner of Income Tax (Appeals)'s formula. The court directed the AO to recalculate income allocation based on the proportion of publication and circulation of the Ahmedabad edition between the units. Regarding late Provident Fund contributions, the High Court remanded the matter to determine the nature of contributions for disallowance under section 43B, emphasizing disallowance only applies to employees' contributions made after the due date. The High Court's decision favored the Revenue, instructing the AO to adjust the assessee's income accordingly. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360709