https://www.taxtmi.com/caselaws?id=312252 The HC dismissed the appeal challenging the Income Tax Appellate Tribunal's decision to delete the disallowance of 81.25% of the expenditure on advertisement and sales promotion for the Assessment Year 2005-06. The Revenue's argument that the expenditure liability lay with the holding company was not upheld. The HC relied on the precedent set in the case of M/s. Star India Pvt. Ltd., where a similar decision was made, and noted no new factors justified a different outcome. Consequently, the appeal was dismissed with no order as to costs. en-us Mon, 16 Nov 2015 00:00:00 +0530 Thu, 08 Feb 2024 18:14:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312252 The HC dismissed the appeal challenging the Income Tax Appellate Tribunal's decision to delete the disallowance of 81.25% of the expenditure on advertisement and sales promotion for the Assessment Year 2005-06. The Revenue's argument that the expenditure liability lay with the holding company was not upheld. The HC relied on the precedent set in the case of M/s. Star India Pvt. Ltd., where a similar decision was made, and noted no new factors justified a different outcome. Consequently, the appeal was dismissed with no order as to costs. Case-Laws Income Tax Mon, 16 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312252