https://www.taxtmi.com/caselaws?id=450014 ITAT Delhi allowed the assessee's appeal regarding disallowance of advertisement and business promotion expenses. The tribunal held that these expenses were legitimately incurred for marketing and selling flats, with genuineness undisputed by Revenue. Following accounting standards and precedent from Somnath Buildtech case, AO was directed to delete the disallowances. Regarding TDS credit denial per Form 26AS, ITAT directed AO to verify the claim and provide appropriate relief if found correct. en-us Wed, 21 Feb 2024 00:00:00 +0530 Fri, 23 Feb 2024 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450014 ITAT Delhi allowed the assessee's appeal regarding disallowance of advertisement and business promotion expenses. The tribunal held that these expenses were legitimately incurred for marketing and selling flats, with genuineness undisputed by Revenue. Following accounting standards and precedent from Somnath Buildtech case, AO was directed to delete the disallowances. Regarding TDS credit denial per Form 26AS, ITAT directed AO to verify the claim and provide appropriate relief if found correct. Case-Laws Income Tax Wed, 21 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450014