https://www.taxtmi.com/caselaws?id=19078 The High Court of GAUHATI ruled in favor of the assessee, allowing the Rs. 55,000 business expenditure on advertisements in souvenirs. The court emphasized commercial expediency in determining business expenditure, considering the emergency period during the assessment year. It distinguished between expenses for business purposes and those made gratuitously, aligning with principles of commercial trading. The judgment highlighted the broader scope of "for the purpose of the business" and supported the allowance of certain donations as business expenditure. en-us Fri, 10 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 17:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19078 The High Court of GAUHATI ruled in favor of the assessee, allowing the Rs. 55,000 business expenditure on advertisements in souvenirs. The court emphasized commercial expediency in determining business expenditure, considering the emergency period during the assessment year. It distinguished between expenses for business purposes and those made gratuitously, aligning with principles of commercial trading. The judgment highlighted the broader scope of "for the purpose of the business" and supported the allowance of certain donations as business expenditure. Case-Laws Income Tax Fri, 10 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19078