Case Law Details
Case Name : ITO Vs. M/s Elka Cosmetic Pvt. Ltd. (ITAT Delhi)
Appeal Number : I.T.A. No. 4704 /Del/2010
Date of Judgement/Order : 13/04/2011
Related Assessment Year : 2006- 07
Courts :
All ITAT ITAT Delhi
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
ITO Vs. M/s Elka Cosmetic Pvt. Ltd. (ITAT Delhi)- The issue is whether the promotional expenses incurred by a company engaged in business of cosmetics on ‘Testers’, and ‘merchant display’ which were supplied free of cost to the retailers are capital in nature merely because it also promotes goodwill of the company. It was held that nature of expenditure incurred in the assessee’s line of business is absolutely essential for the day to day conduct of the business of the assessee-company and the same is allowable as revenue expenditure.
DELHI INCOME TAX APPELLATE TRIBUNAL
I.T.A. No. 4704 /Del/2010
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.