https://www.taxtmi.com/caselaws?id=304328 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to allow 92.5% of the sales promotion expenses claimed by the assessee, restricting the disallowance to 7.5%. The Revenue's appeal against the 92.5% allowance and the assessee's appeal against the 7.5% disallowance were both dismissed. The Tribunal found no reason to interfere with the lower authority's decision, as it was consistent with previous judgments regarding similar disallowances of sales promotion expenses. The judgment was pronounced in Chennai on 28th April 2017 for the assessment year 2008-09. en-us Fri, 28 Apr 2017 00:00:00 +0530 Wed, 21 Sep 2022 07:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304328 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to allow 92.5% of the sales promotion expenses claimed by the assessee, restricting the disallowance to 7.5%. The Revenue's appeal against the 92.5% allowance and the assessee's appeal against the 7.5% disallowance were both dismissed. The Tribunal found no reason to interfere with the lower authority's decision, as it was consistent with previous judgments regarding similar disallowances of sales promotion expenses. The judgment was pronounced in Chennai on 28th April 2017 for the assessment year 2008-09. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304328