Pre-Operative Expenses for Running Business Operations are Revenue Expenditure: ITAT deletes Disallowance of Advertisement Expenses and Brokerage & Commission

revenue expenditure - ITAT - Advertisement Expenses - Brokerage - Commission - taxscan

Pre-operative expenses incurred for running the business and bringing revenue are revenue expenditures, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) deleted the disallowance of advertisement expenses and brokerage & Commission. Sh. V. K. Aggarwal, CA & Ms Shweta Bansal, CA appeared on behalf of the assessee and Sh. T. Kipgen appeared on…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader