https://www.taxtmi.com/caselaws?id=449389 ITAT Delhi dismissed Revenue's appeal on multiple grounds. Regarding trial sales expenses, ITAT held disallowance unjustified as similar claims were accepted in preceding year and invoices worth Rs. 1.72 crores were produced before AO, applying consistency principle. For leave encashment under section 43B, ITAT followed Supreme Court precedent in UOI vs. Exide Industries, allowing deduction when payment actually made regardless of accounting system. Section 14A disallowance was deleted as no exempt income was claimed. Advertisement expenses were held revenue in nature as providing no long-term benefit. Depreciation disallowance was confirmed due to insufficient evidence of plant installation and usage. en-us Thu, 08 Feb 2024 00:00:00 +0530 Sat, 10 Feb 2024 07:45:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449389 ITAT Delhi dismissed Revenue's appeal on multiple grounds. Regarding trial sales expenses, ITAT held disallowance unjustified as similar claims were accepted in preceding year and invoices worth Rs. 1.72 crores were produced before AO, applying consistency principle. For leave encashment under section 43B, ITAT followed Supreme Court precedent in UOI vs. Exide Industries, allowing deduction when payment actually made regardless of accounting system. Section 14A disallowance was deleted as no exempt income was claimed. Advertisement expenses were held revenue in nature as providing no long-term benefit. Depreciation disallowance was confirmed due to insufficient evidence of plant installation and usage. Case-Laws Income Tax Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449389