https://www.taxtmi.com/caselaws?id=58268 The Tribunal upheld the Commissioner (Appeals) decision to apply section 37(3D) of the Income-tax Act, exempting an acquired industrial undertaking from section 37(3A) disallowance for advertisement expenses. The Tribunal ruled that section 37(3D) is not limited to new industrial undertakings and applies to undertakings acquired as going concerns. As the industrial undertaking commenced production during the relevant year, the exemption under section 37(3D) was granted, leading to the deletion of the disallowance. The revenue's appeal was dismissed, affirming the deletion of the disallowance under section 37(3A. en-us Fri, 23 Nov 1984 00:00:00 +0530 Sat, 18 Dec 2010 12:14:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58268 The Tribunal upheld the Commissioner (Appeals) decision to apply section 37(3D) of the Income-tax Act, exempting an acquired industrial undertaking from section 37(3A) disallowance for advertisement expenses. The Tribunal ruled that section 37(3D) is not limited to new industrial undertakings and applies to undertakings acquired as going concerns. As the industrial undertaking commenced production during the relevant year, the exemption under section 37(3D) was granted, leading to the deletion of the disallowance. The revenue's appeal was dismissed, affirming the deletion of the disallowance under section 37(3A. Case-Laws Income Tax Fri, 23 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58268