https://www.taxtmi.com/caselaws?id=395965 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow the expenditure on advertisement and sales promotion. The Tribunal emphasized that such expenses were revenue expenditure aimed at enhancing sales through publicity, not creating enduring assets. Previous rulings and legal precedents supported treating these expenses as revenue rather than capital in nature, leading to the dismissal of the Revenue's appeal. en-us Thu, 11 Jun 2020 00:00:00 +0530 Tue, 16 Jun 2020 11:46:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395965 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow the expenditure on advertisement and sales promotion. The Tribunal emphasized that such expenses were revenue expenditure aimed at enhancing sales through publicity, not creating enduring assets. Previous rulings and legal precedents supported treating these expenses as revenue rather than capital in nature, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 11 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395965