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Income Tax - Highlights / Catch Notes

Home Highlights July 2017 Year 2017 This

Expenses incurred on market research - revenue expenses - ...


Market Research Expenses Classified as Revenue, Not Amortizable u/s 35D(2)(a)(iii), as Per Assessing Officer.

July 13, 2017

Case Laws     Income Tax     AT

Expenses incurred on market research - revenue expenses - whether expenses not to be amortized u/s 35D(2)(a)(iii) as held by AO? - Both the conditions are not fulfilled. So, the expenses cannot be amortized by invoking the provisions contained u/s 35D

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