Case Law Details
Case Name : CIT Vs Bonanza Portfolio Ltd. (Delhi High Court)
Appeal Number : Appeal No. ITA 833/2011
Date of Judgement/Order : 10/08/2011
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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CIT Vs Bonanza Portfolio Ltd. (Delhi High Court )
Decided on: 10 August 2011.
Appeal No. ITA 833/2011
The expenditure was incurred by the assessee on ad films in respect of an ongoing business and there was no enduring benefit on the same. Hence, it was asses-sable as revenue expenditure, An expenditure incurred on advertisements and websites for sales promotion is revenue in nature. Computer peripherals are entitled to depreciation at 60%.
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