Sales promotion expense allowed as deduction u/s. 37(1) as evidences duly produced: ITAT Kolkata

YG Capital Ltd. Vs DCIT (ITAT Kolkata)

ITAT Kolkata held that expenditure towards sales promotion expenses allowed as deduction under section 37(1) of the Income Tax Act since bills along with other evidences related to the same is duly produced. Accordingly, appeal allowed.

Facts- AO disallowed sales promotion expenses amounting to Rs. 4,81,477/- as the appellant neither filed any bills in support of the same nor the appellant could establish that these were incurred for the business of the appellant.

CIT(A) dismissed the appeal of the assessee. Bein

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