https://www.taxtmi.com/caselaws?id=15453 The High Court upheld the Tribunal's decision, ruling in favor of the assessee and against the Revenue. It clarified that section 37(3A) of the Income-tax Act did not apply to the expenditure incurred by the Government company for promoting industrial development in Andhra Pradesh. The Court agreed that the expenditure aimed at facilitating the promotion of small-scale industries and their access to loans and facilities, rather than being categorized as advertisement, sales promotion, or publicity expenditure. en-us Thu, 27 Aug 1998 00:00:00 +0530 Thu, 06 Aug 2009 16:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15453 The High Court upheld the Tribunal's decision, ruling in favor of the assessee and against the Revenue. It clarified that section 37(3A) of the Income-tax Act did not apply to the expenditure incurred by the Government company for promoting industrial development in Andhra Pradesh. The Court agreed that the expenditure aimed at facilitating the promotion of small-scale industries and their access to loans and facilities, rather than being categorized as advertisement, sales promotion, or publicity expenditure. Case-Laws Income Tax Thu, 27 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15453