Case Law Details
Case Name : ITO Vs. M/s Elka Cosmetic Pvt. Ltd. (ITAT Delhi)
Related Assessment Year : 2006- 07
Courts :
All ITAT ITAT Delhi
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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 r
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