https://www.taxtmi.com/caselaws?id=420147 The Tribunal, supported by the High Court, upheld the legitimacy of expenditure on advertisement by the society and dismissed the Revenue's appeal. It was found that the society's funds were not misused for the benefit of specific individuals, in line with statutory requirements and legal precedents. The consistent application of legal principles and absence of new evidence led to the rejection of the Revenue's arguments, ensuring compliance with the Income-tax Act provisions and fair treatment for the assessee. en-us Mon, 21 Mar 2022 00:00:00 +0530 Sat, 26 Mar 2022 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420147 The Tribunal, supported by the High Court, upheld the legitimacy of expenditure on advertisement by the society and dismissed the Revenue's appeal. It was found that the society's funds were not misused for the benefit of specific individuals, in line with statutory requirements and legal precedents. The consistent application of legal principles and absence of new evidence led to the rejection of the Revenue's arguments, ensuring compliance with the Income-tax Act provisions and fair treatment for the assessee. Case-Laws Income Tax Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420147