Dismissing the appeal of the Revenue the Court held that consumption incentive was discount offered by assessee to its advertisers for booking more advertisement space and assessee had provided detailed breakup of advertisers to whom consumption incentive was passed on. The liability being ascertained allowable as deduction. (AY. 2012-13)
PCIT v. TV Today Network Ltd. (2022) 289 Taxman 132 / 217 DTR 1 / 328 CTR 204 (Delhi)(HC)
S. 37(1) : Business expenditure-Consumption incentive-Ascertained liability-Provision-Allowable as deduction. [S. 145]