2022 (2) TMI 1422 - SCH - Income Tax

Nature of expenditure - expenses has been incurred on advertisement - HELD THAT - In our opinion having regard to the concurrent findings recorded by the Tribunal and the High Court with respect to the purpose for which the expenditure was incurred in the present cases the impugned judgments are not in error and do not call for any interference. Special Leave Petitions and the Civil Appeals are accordingly dismissed.

Summary

The Supreme Court dismissed the Special Leave Petitions and Civil Appeals, stating that the impugned judgments are not in error and do not call for any interference.