‘Mail Today’ eligible for Depreciation on Expenses incurred for Publicity of Brand Name: ITAT [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the depreciation claim made by ‘Mail Today’ towards the expenses incurred for the publicity of trade name/brand name is allowable under section 32 of the Income Tax Act, 1961. The assessee company publishes ‘Mail Today’, an English Daily newspaper, and […]

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