https://www.taxtmi.com/caselaws?id=292463 The Tribunal allowed the appeal, determining that the expenditure for Hampi Utsav benefited the business by generating goodwill, aligning with the interpretation of allowable deductions under section 37(1) of the Income Tax Act, 1961 as per judicial precedents. The decision favored the assessee, overturning the disallowance of the expenditure initially made by the AO and upheld by the CIT(A). en-us Fri, 29 May 2020 00:00:00 +0530 Fri, 25 Dec 2020 09:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292463 The Tribunal allowed the appeal, determining that the expenditure for Hampi Utsav benefited the business by generating goodwill, aligning with the interpretation of allowable deductions under section 37(1) of the Income Tax Act, 1961 as per judicial precedents. The decision favored the assessee, overturning the disallowance of the expenditure initially made by the AO and upheld by the CIT(A). Case-Laws Income Tax Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292463