Advertisement Expenses incurred at the Time of Installation of Additional Machinery will result in an enduring benefit, allowable as Revenue Expenditure: ITAT [Read Order]

By Yogitha S. Yogesh - On December 22, 2022 10:44 am - 2 mins read

Advertisement Expenses - Advertisement - Expenses incurred - Additional Machinery - enduring benefit - benefit - Revenue Expenditure - ITAT - Taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the advertisement expenses incurred at the time of installation of additional machinery will result in an enduring benefit and are allowable as Revenue Expenditure. M/s. Rosebys Interiors India Ltd, the assessee filed its original return of income for the assessment…

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