HomeDirect TaxITAT Upholds Allowability of Advertisement Reimbursement and JV-Linked Expenses; Allows Proportionate Retainership...

ITAT Upholds Allowability of Advertisement Reimbursement and JV-Linked Expenses; Allows Proportionate Retainership Fees

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The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) addressed multiple contentious issues including disallowance under Section 40(a)(ia), allowability of retainership fees, reimbursement of expenses, and disallowance under Section 14A of the Income Tax Act. The bench of Vimal Kumar (Judicial Member) and S. Rifaur Rahman (Accountant Member) upheld the findings of the CIT(A),…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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