https://www.taxtmi.com/caselaws?id=59757 The ITAT allowed the appeal, permitting the deduction of Rs. 2 lakhs spent on a sculpture in Calcutta as expenditure on advertisement, publicity, and propaganda for the company's product "Boroline." The judgment highlighted the statue's advertisement value, strategic location for public visibility, and the broad interpretation of business purpose under section 37(1) to encompass activities like advertisement to attract more business. en-us Wed, 27 Nov 1996 00:00:00 +0530 Fri, 31 Dec 2010 19:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59757 The ITAT allowed the appeal, permitting the deduction of Rs. 2 lakhs spent on a sculpture in Calcutta as expenditure on advertisement, publicity, and propaganda for the company's product "Boroline." The judgment highlighted the statue's advertisement value, strategic location for public visibility, and the broad interpretation of business purpose under section 37(1) to encompass activities like advertisement to attract more business. Case-Laws Income Tax Wed, 27 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59757