ITAT Upholds Enhanced Addition for Unsubstantiated Advertising & Marketing Expenses

HPL Additives Ltd Vs DCIT (ITAT Delhi) Introduction: The Income Tax Appellate Tribunal (ITAT) Delhi has issued an order upholding the enhanced addition for Advertising & Marketing Expenses in the case of HPL Additives Ltd Vs DCIT. The appeal was filed against the order of the Commissioner of Income Tax (Appeals) for the assessment year 2014-15. Analysis: The assessee contended that the disallowance of the expenses was arbitrary and not supported by business exigencies. The expenses were incurred through a credit card by the Joint Managing Director (JMD) of the company during his foreign vi...