https://www.taxtmi.com/caselaws?id=418080 The Tribunal allowed the appeal in favor of the appellant regarding the disallowance of Advertisement and Business Promotion expenses under Section 37(1) of the Income Tax Act, 1961. The Tribunal held that the services were rendered, and benefits accrued, justifying the expenditure. Additionally, the disallowance under Section 14A was overturned as the expenses were found to be related to advertising activities, emphasizing the need for accurate identification of such expenses to avoid unjust disallowances. en-us Fri, 28 Jan 2022 00:00:00 +0530 Mon, 07 Feb 2022 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418080 The Tribunal allowed the appeal in favor of the appellant regarding the disallowance of Advertisement and Business Promotion expenses under Section 37(1) of the Income Tax Act, 1961. The Tribunal held that the services were rendered, and benefits accrued, justifying the expenditure. Additionally, the disallowance under Section 14A was overturned as the expenses were found to be related to advertising activities, emphasizing the need for accurate identification of such expenses to avoid unjust disallowances. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418080