https://www.taxtmi.com/caselaws?id=371986 The ITAT Delhi ruled in favor of the assessee, allowing the appeal and deleting the disallowance of the business expenditure on publicity. The tribunal found that the expenses were revenue in nature, as they were incurred to earn business income and not to create enduring capital assets. The tribunal emphasized that when income is offered for taxation and expenses are incurred to earn that income, such expenses are revenue in nature. The authorities below were not justified in sustaining the addition, leading to the appeal being allowed. en-us Wed, 12 Dec 2018 00:00:00 +0530 Sat, 15 Dec 2018 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371986 The ITAT Delhi ruled in favor of the assessee, allowing the appeal and deleting the disallowance of the business expenditure on publicity. The tribunal found that the expenses were revenue in nature, as they were incurred to earn business income and not to create enduring capital assets. The tribunal emphasized that when income is offered for taxation and expenses are incurred to earn that income, such expenses are revenue in nature. The authorities below were not justified in sustaining the addition, leading to the appeal being allowed. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371986