ACIT v Ludhiana Beverages (P) Ltd. (2025) 235 TTJ 535 (Amritsar)(Trib)

S.37(1): Business expenditure-Advertisement material and goods-Purchase of icebox and plastic tables and chairs, bearing the logo-Allowable as business expenditure.

Assessee, a soft drink bottler, having disclosed net profit of 6.27 per cent, which is satisfactory and acceptable, the advertisement expenses incurred on the purchase of ice boxes, plastic tables and chairs bearing the logo, which were distributed to small vendors, cannot be disallowed for want of details of the said vendors (AY. 2016-17)

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