https://www.taxtmi.com/caselaws?id=429280 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions. The brand promotion expenses were treated as revenue expenditure due to their routine business nature, not resulting in enduring capital benefit. The addition on account of late deposit of employee provident fund was deleted, following precedent. The correction of short-term capital gain on mutual funds was allowed as exempt dividend income, in line with applicable law and past decisions. The Tribunal affirmed that the assessee was not unfairly taxed beyond their due liability. en-us Tue, 18 Oct 2022 00:00:00 +0530 Thu, 20 Oct 2022 22:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429280 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions. The brand promotion expenses were treated as revenue expenditure due to their routine business nature, not resulting in enduring capital benefit. The addition on account of late deposit of employee provident fund was deleted, following precedent. The correction of short-term capital gain on mutual funds was allowed as exempt dividend income, in line with applicable law and past decisions. The Tribunal affirmed that the assessee was not unfairly taxed beyond their due liability. Case-Laws Income Tax Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429280