INCOME TAX : Where assessee, manufacturer of sports products, claimed an expenditure towards establishing a pace foundation for giving training to pace bowlers, since assessee got huge publicity by training of bowlers through said foundation and it promoted assessee’s brand thereby helping in sale of products, impugned expenditure was to be allowed under secion 37(1)INCOME TAX : Where assessee, manufacturer of sports products, claimed an expenditure towards establishing a pace foundation for giving training to pace bowlers, since assessee got huge publicity by training of bowlers through said foundation and it promoted assessee’s brand thereby helping in sale of products, impugned expenditure was to be allowed under secion 37(1)www.taxmann.com Latest Case LawsRead More
