Home / 
Advertisement and promotion expenses are deductible u/s 37(1) if adequately compensated by the associated enterprise.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Advertisement expenditure - one of the functions to be performed was to incur the advertisement and promotion expenditure, then the expenditure incurred for the said purpose should be allowed u/s37(1) - However, adequate compensation/price should be paid for the same by the associated enterprise - HC....
TaxTMI
TaxTMI