Computer peripherals entitled to depreciation at 60% and advertisement, ad film and website expenses are revenue in nature

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 peripher

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