https://www.taxtmi.com/caselaws?id=443455 The appeal of the revenue in ITA No. 2849/Del/2016 for AY 2010-11 and ITA No. 2850/Del/2016 for AY 2011-12, involving capitalization of selling and marketing expenses and disallowance of expenditure on gifts, was dismissed. The Tribunal upheld the CIT(A)'s decision to allow the expenses as revenue expenditure based on the ICAI Guidance Note and commercial expediency. The grounds raised by the revenue were dismissed, and all appeals and cross-objections were deemed infructuous for both assessment years. en-us Tue, 16 May 2023 00:00:00 +0530 Fri, 22 Sep 2023 20:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443455 The appeal of the revenue in ITA No. 2849/Del/2016 for AY 2010-11 and ITA No. 2850/Del/2016 for AY 2011-12, involving capitalization of selling and marketing expenses and disallowance of expenditure on gifts, was dismissed. The Tribunal upheld the CIT(A)'s decision to allow the expenses as revenue expenditure based on the ICAI Guidance Note and commercial expediency. The grounds raised by the revenue were dismissed, and all appeals and cross-objections were deemed infructuous for both assessment years. Case-Laws Income Tax Tue, 16 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443455