https://www.taxtmi.com/caselaws?id=390439 The Tribunal ruled in favor of the assessee in ITA No. 2354/DEL/2017, partially allowing the appeal. The addition under section 41(1) of the Income-tax Act for outstanding liabilities was deemed unwarranted as the liability still existed, directing the Assessing Officer to delete the addition of Rs. 4,17,252. Regarding the disallowance of advertisement and marketing expenses, the Tribunal restricted the disallowance to Rs. 1 lakh, providing relief of Rs. 2 lakhs to the assessee. en-us Tue, 31 Dec 2019 00:00:00 +0530 Thu, 02 Jan 2020 17:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390439 The Tribunal ruled in favor of the assessee in ITA No. 2354/DEL/2017, partially allowing the appeal. The addition under section 41(1) of the Income-tax Act for outstanding liabilities was deemed unwarranted as the liability still existed, directing the Assessing Officer to delete the addition of Rs. 4,17,252. Regarding the disallowance of advertisement and marketing expenses, the Tribunal restricted the disallowance to Rs. 1 lakh, providing relief of Rs. 2 lakhs to the assessee. Case-Laws Income Tax Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390439