Court Upholds Allowance of Advertisement Expenses for 2008; Expenses Incurred Before March Align with Assessment Year.

Disallowance of advertisement expenses - bills received of the said expenses is of April and May 2008 - There is no dispute that the assessee is following Mercantile system of accounting - the expenses relates to the advertisement made prior to March 2008 i.e. related with the assessment year under consideration - no disallowance .....

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