https://www.taxtmi.com/caselaws?id=60660 The Tribunal partially allowed the assessee's appeal by modifying the disallowance of advertisement expenses to Rs. 50,000 and upholding the disallowance of Rs. 2,60,540 as speculation loss. The Tribunal found that the advertisement expenses were not entirely disallowable but some were indeed donations disguised as advertisement costs. Additionally, the Tribunal determined that the transactions resulting in the loss were speculative in nature as they did not meet the criteria for hedging contracts. en-us Tue, 18 Sep 2001 00:00:00 +0530 Fri, 07 Jan 2011 14:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60660 The Tribunal partially allowed the assessee's appeal by modifying the disallowance of advertisement expenses to Rs. 50,000 and upholding the disallowance of Rs. 2,60,540 as speculation loss. The Tribunal found that the advertisement expenses were not entirely disallowable but some were indeed donations disguised as advertisement costs. Additionally, the Tribunal determined that the transactions resulting in the loss were speculative in nature as they did not meet the criteria for hedging contracts. Case-Laws Income Tax Tue, 18 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60660