https://www.taxtmi.com/caselaws?id=25152 The Andhra Pradesh High Court interpreted sections 37(3) and 37(3A) of the Income-tax Act, 1961 regarding the deduction of expenditure on advertisement, publicity, and sales promotion. The Court upheld the application of both limitations, ruling against the assessee and in favor of the Revenue. The judgment emphasized the legislative intent to impose dual limitations to prevent excessive claims and underscored the importance of adhering to statutory provisions for allowable deductions under the Act. en-us Thu, 04 Feb 1988 00:00:00 +0530 Mon, 25 Jan 2010 16:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25152 The Andhra Pradesh High Court interpreted sections 37(3) and 37(3A) of the Income-tax Act, 1961 regarding the deduction of expenditure on advertisement, publicity, and sales promotion. The Court upheld the application of both limitations, ruling against the assessee and in favor of the Revenue. The judgment emphasized the legislative intent to impose dual limitations to prevent excessive claims and underscored the importance of adhering to statutory provisions for allowable deductions under the Act. Case-Laws Income Tax Thu, 04 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25152