M/S GLAXO SMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, C-4(1), CHANDIGARH
In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes
ITA 1500/CHANDI/2018[2014-15]Status: DisposedITAT Chandigarh26 Oct 2021AY 2014-15
capital account but on revenue account, though giving
enduring benefit in future, were held to be revenue in nature and
hence allowable. In view of the above, the disallowance of market
research expense is directed to be deleted and we hold that the
assessee is entitled to claim the same as revenue in nature. The
assessee has alternately pleaded
