https://www.taxtmi.com/caselaws?id=380338 The High Court condoned the delay in filing the appeal and accepted the application. Regarding the treatment of expenditure towards advertisements and business proportion as 'indirect revenue expenditure,' the Revenue's appeal against the ITAT decision was dismissed. The ITAT held that the expenses were allowable as business expenses under Section 37(1) of the Income Tax Act, 1961, in line with the ICAI guidance note. The High Court upheld the decision, finding no substantial question of law for consideration, and dismissed the appeal without costs. en-us Mon, 13 May 2019 00:00:00 +0530 Fri, 17 May 2019 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380338 The High Court condoned the delay in filing the appeal and accepted the application. Regarding the treatment of expenditure towards advertisements and business proportion as 'indirect revenue expenditure,' the Revenue's appeal against the ITAT decision was dismissed. The ITAT held that the expenses were allowable as business expenses under Section 37(1) of the Income Tax Act, 1961, in line with the ICAI guidance note. The High Court upheld the decision, finding no substantial question of law for consideration, and dismissed the appeal without costs. Case-Laws Income Tax Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380338