Disallowance of expenditure on advertisements in souvenirs

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Full Text of the Document

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....of expenditure on advertisements in souvenirs Reference is invited to Board's Circular No.200 See page 50 supra. dated the 28th June, 1976, by which it was clarified that no distinction need be drawn between expenditure on advertisements in souvenirs and other types of advertisements. 2. A question has been raised as to whether an assessee can resort to publicity in more than one souvenir pu....