https://www.taxtmi.com/caselaws?id=32205 HC held advertisement expenses to create brand image were revenue, not capital. The Tribunal rightly allowed deduction under s.35D after finding borrowings were from specified financial/banking institutions and thus to be included in capital employed; the Explanation to s.35D(3) permits this irrespective of a fixed borrowing term. Income from sale of empty containers may reduce raw material cost or be treated as industrial income; the Tribunal correctly treated Rs.26,64,113 as eligible for deductions under ss.80HH and 80I. Appeals disposed of. en-us Tue, 07 Oct 2008 00:00:00 +0530 Sat, 06 Sep 2025 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32205 HC held advertisement expenses to create brand image were revenue, not capital. The Tribunal rightly allowed deduction under s.35D after finding borrowings were from specified financial/banking institutions and thus to be included in capital employed; the Explanation to s.35D(3) permits this irrespective of a fixed borrowing term. Income from sale of empty containers may reduce raw material cost or be treated as industrial income; the Tribunal correctly treated Rs.26,64,113 as eligible for deductions under ss.80HH and 80I. Appeals disposed of. Case-Laws Income Tax Tue, 07 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32205