Tuesday, March 18, 2014

[aaykarbhavan] Distribution of gifts printed with official stamp of co. indicates elements of advertisements, rules HC



Distribution of gifts printed with official stamp of co. indicates elements of advertisements, rules HC

March 18, 2014[2014] 42 taxmann.com 365 (Jharkhand)
IT : Where assessee gave gifts and articles to various persons which had company's official rubber stamp imprinted on them, there was an element of advertisement in distribution of said gifts and, thus, assessee's claim for deduction of expenses incurred on distributing gifts was to be allowed
 
Regards
Prarthana Jalan


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