https://www.taxtmi.com/caselaws?id=27362 The Tribunal's decision to allow the claimed sales promotion expenses as admissible in the computation of the assessee's total income for the assessment year 1973-74 was upheld. The Court found that the expenses were incurred wholly and exclusively for the business purpose and within the prescribed limitations, making them allowable expenditures under s. 37 of the Income-tax Act, 1961 and Rule 6B of the Income Tax Rules, 1962. The Tribunal's rejection of the reference application under s. 256(1) was deemed correct as it was based on evidence and not challenged adequately. The application under s. 256(2) was dismissed, with no costs awarded. en-us Mon, 22 Apr 1985 00:00:00 +0530 Fri, 12 Feb 2010 13:24:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27362 The Tribunal's decision to allow the claimed sales promotion expenses as admissible in the computation of the assessee's total income for the assessment year 1973-74 was upheld. The Court found that the expenses were incurred wholly and exclusively for the business purpose and within the prescribed limitations, making them allowable expenditures under s. 37 of the Income-tax Act, 1961 and Rule 6B of the Income Tax Rules, 1962. The Tribunal's rejection of the reference application under s. 256(1) was deemed correct as it was based on evidence and not challenged adequately. The application under s. 256(2) was dismissed, with no costs awarded. Case-Laws Income Tax Mon, 22 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27362