2018 (10) TMI 1664 - HC - Income Tax

Substantial question of law as framed Whether the Income Tax Appellate Tribunal was justified and correct in upholding disallowance of 50% of the expenditure claimed by the assessee under the head of sales promotion expenses as not meeting the parameters specified in Section 37 (1) of the Income Tax Act 1961? To be listed in category of Regular Matters as per its turn.

Summary

The Delhi High Court admitted the case and framed a question regarding the disallowance of 50% of sales promotion expenses claimed by the assessee under Section 37(1) of the Income Tax Act, 1961. The parties were given six weeks to file relevant documents.