https://www.taxtmi.com/caselaws?id=32077 The court ruled in favor of the Assessee on all three issues. The payment made to Riken Piston Rings Inds. Co. Ltd. was considered revenue expenditure, the expenditure on gifts was not categorized as advertisement, and the 'Good Work Reward' given to employees was deemed allowable as business expenditure. The court concluded in favor of the Assessee against the Revenue on all counts. en-us Tue, 29 Apr 2008 00:00:00 +0530 Tue, 14 Jun 2011 04:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32077 The court ruled in favor of the Assessee on all three issues. The payment made to Riken Piston Rings Inds. Co. Ltd. was considered revenue expenditure, the expenditure on gifts was not categorized as advertisement, and the 'Good Work Reward' given to employees was deemed allowable as business expenditure. The court concluded in favor of the Assessee against the Revenue on all counts. Case-Laws Income Tax Tue, 29 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32077