COMMISSIONER OF INCOME-TAX versus MYSODET (PVT.) LTD.
Business Expenses Business Promotional Expenses Spending on Advertising is not allowed only because the price of the articles offered is more than Rs 50. The Tribunal finds that the presentation was intended to promote the business. Not allowable deduction of expenses for advertisement purpose, Indian Income Tax Act, 1961, Section 37 (3) Indian Income Tax Rules, 1962, R6B
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