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
depreciation
which is of no relevance since the entire claim of expenses has
been allowed treating it as revenue in nature
21. The issue of allowability of market research expenses,
accordingly, is decided in favour of the assessee.
Issue No.6:
The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised
