https://www.taxtmi.com/caselaws?id=756730 The HC dismissed the revenue's appeal regarding the allowance of advertisement expenditure as revenue expenditure and expenses towards workmen and staff welfare under Section 40A(9) of the IT Act for A.Y. 1998-99. The Court upheld the ITAT's decision, referencing previous judgments in favor of the assessee for similar issues in earlier assessment years. The appeal was dismissed without costs, as the matters were deemed settled based on prior legal precedents. en-us Wed, 31 Jul 2024 00:00:00 +0530 Wed, 07 Aug 2024 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756730 The HC dismissed the revenue's appeal regarding the allowance of advertisement expenditure as revenue expenditure and expenses towards workmen and staff welfare under Section 40A(9) of the IT Act for A.Y. 1998-99. The Court upheld the ITAT's decision, referencing previous judgments in favor of the assessee for similar issues in earlier assessment years. The appeal was dismissed without costs, as the matters were deemed settled based on prior legal precedents. Case-Laws Income Tax Wed, 31 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756730