Details of business promotion expenditure duly produced and hence disallowance u/s 37 unjustified

DCIT Vs Glaze Trading India Pvt. Ltd. (ITAT Delhi)

ITAT Delhi held that details of business promotion expenditure duly produced and it is also demonstrated that company being FMCG distribution/advertisement expenses for substantial part of expenditure. Accordingly, disallowance u/s 37 of the Income Tax Act unjustified.

Facts- The assessee is a company engaged in the business of trading FMCG (Fast Moving Consumer Goods) and home appliances, Organic Khad which is based on the chain of agents/ distributo

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