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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Registration under Section 10 (23C)(vi) denied - expenditure on ...


High Court Rules Advertisement Expenses Don't Imply Commercial Intent, Overturns Section 10(23C)(vi) Registration Denial.

November 9, 2015

Case Laws     Income Tax     HC

Registration under Section 10 (23C)(vi) denied - expenditure on advertisement made does not necessarily means that the activity of the petitioner is commercial in nature or is being done with the intention to earn more profit. Such finding given by the authority is patently erroneous - HC

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