1981 (2) TMI 107

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....yr. 1977-78. 2. The only ground taken in this appeal is that advertisement expenses to the tune of Rs. 4,000 should not have been disallowed. The assessee is a partnership firm deriving income from business as a dealer in cloth. Total sales during the year under consideration amounted to Rs. 47,41,117. On which a gross profit of 18.3 per cent was declared by the assessee. The profit as declared....

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....xpense was incurred for the purpose of the assessee's business. In this view of the matter, he confirmed the disallowance. 4. Shri Chunilal Karsondas, the ld. Rep. for the assessee, urged before us that the Revenue authorities were not justified in their action. He explained that vouchers of the expenses referred to by the CIT (A) in his order were produced before the ITO. He stated that the IT....