https://www.taxtmi.com/caselaws?id=307507 Stock write-off was allowed where the assessee showed nearing-expiry vaccine inventory and discontinued toothbrush stock through internal approvals and board records, and the Revenue did not rebut the documentary evidence. Advertisement and publicity was held deductible because it promoted the assessee's own products in India; incidental benefit to a foreign associated enterprise did not convert it into impermissible brand-building. Education cess was held not deductible as a tax on income. Questions on disallowance for vaccine purchases from a Belgian supplier and on product development expenses were remanded for fresh adjudication because the earlier authorities had not properly addressed the factual and DTAA-related objections. en-us Fri, 30 Jul 2021 00:00:00 +0530 Tue, 18 Apr 2023 21:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307507 Stock write-off was allowed where the assessee showed nearing-expiry vaccine inventory and discontinued toothbrush stock through internal approvals and board records, and the Revenue did not rebut the documentary evidence. Advertisement and publicity was held deductible because it promoted the assessee's own products in India; incidental benefit to a foreign associated enterprise did not convert it into impermissible brand-building. Education cess was held not deductible as a tax on income. Questions on disallowance for vaccine purchases from a Belgian supplier and on product development expenses were remanded for fresh adjudication because the earlier authorities had not properly addressed the factual and DTAA-related objections. Case-Laws Income Tax Fri, 30 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307507