Court Evaluates Promotion Expenses Classification as Revenue or Capital Expenditure; Disallows Claim for Depreciation Due to Lack of Evidence.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Promotion expenses - revenue v/s capital expenditure - even if to be treated as capital asset, the proof of acquiring the same had to be brought on record - claim of expenses & depreciation disallowed - AT....