https://www.taxtmi.com/caselaws?id=366800 The tribunal decided in favor of the assessee against the revenue, allowing the appeal for statistical purposes regarding the allowance of advertisement expenses. The tribunal remanded the issue to the assessing officer for verification of the claim and the period of the advertisement expenses, emphasizing the need for a fair opportunity for the assessee. The tribunal did not provide a detailed analysis on the allowance of holding company expenses based on a Memorandum of Understanding. en-us Fri, 07 Sep 2018 00:00:00 +0530 Tue, 11 Sep 2018 08:12:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366800 The tribunal decided in favor of the assessee against the revenue, allowing the appeal for statistical purposes regarding the allowance of advertisement expenses. The tribunal remanded the issue to the assessing officer for verification of the claim and the period of the advertisement expenses, emphasizing the need for a fair opportunity for the assessee. The tribunal did not provide a detailed analysis on the allowance of holding company expenses based on a Memorandum of Understanding. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366800