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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Heavy expenditure incurred on brand promotion - Making of an ...


Brand Promotion Costs: Record Keeping Doesn't Decide Allowability, Focus on Nature of Expense Instead.

December 17, 2011

Case Laws     Income Tax     AT

Heavy expenditure incurred on brand promotion - Making of an entry or absence of an entry does not determine the allowability or otherwise of the item of expenditure and the same can not be considered to be a factor adverse, if the expenditure is otherwise of allowable nature.... - AT

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