19 October 2007
case study fact :assessee is in the business of selling paintings Querry ; catalouge printed to distribute to the visitors for showing them what is in our gallery so where it should be disclosed i.e wether in advertisement or sales promotion or printing charges please reply urgent
19 October 2007
IT IS IN THE NATURE OF SALES PROMOTION AND SHOULD BE DISCLOSED ACCORDINGLY. THERE IS ACTUALLY A THIN LINE WHICH BIFURCATES SUCH EXPENSES AND HAS TO BE DISCLOSED UNDER THE HEAD WHICH GIVES SUBSTANTIAL MEANING TO SUCH EXPENDITURE
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