https://www.taxtmi.com/caselaws?id=14146 The Court ruled in favor of the Revenue on issues 1 and 2, agreeing that expenses on calendars, panchangs, and diaries were for publicity and sales promotion, justifying the disallowance under section 37(3A). However, the Court sided with the assessee on issue 3, holding that once an expense was disallowed under section 37(3A), it could not be further disallowed under section 37(2A). This decision clarified the application of sections 37(3A) and 37(2A) of the Income-tax Act, 1961 in relation to the expenses incurred by the assessee. en-us Mon, 02 Apr 2001 00:00:00 +0530 Tue, 14 Jul 2009 10:52:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14146 The Court ruled in favor of the Revenue on issues 1 and 2, agreeing that expenses on calendars, panchangs, and diaries were for publicity and sales promotion, justifying the disallowance under section 37(3A). However, the Court sided with the assessee on issue 3, holding that once an expense was disallowed under section 37(3A), it could not be further disallowed under section 37(2A). This decision clarified the application of sections 37(3A) and 37(2A) of the Income-tax Act, 1961 in relation to the expenses incurred by the assessee. Case-Laws Income Tax Mon, 02 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14146