https://www.taxtmi.com/caselaws?id=33197 The Tribunal held that the commission received by the assessee company was taxable in the assessment year 1985-86, rejecting the argument that it was received in a later year. The addition for the sale of scrap outside the books of account was upheld due to deficient records. However, the disallowance of advertisement expenses was not justified as they were not general advertisements. The payment for consultation services to a sister concern was allowed as a revenue expenditure for an existing project. The Tribunal's decisions favored the revenue on taxability and scrap sales but supported the assessee on advertisement expenses and consultation service payments. en-us Wed, 25 Mar 2009 00:00:00 +0530 Thu, 31 Jan 2013 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33197 The Tribunal held that the commission received by the assessee company was taxable in the assessment year 1985-86, rejecting the argument that it was received in a later year. The addition for the sale of scrap outside the books of account was upheld due to deficient records. However, the disallowance of advertisement expenses was not justified as they were not general advertisements. The payment for consultation services to a sister concern was allowed as a revenue expenditure for an existing project. The Tribunal's decisions favored the revenue on taxability and scrap sales but supported the assessee on advertisement expenses and consultation service payments. Case-Laws Income Tax Wed, 25 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33197