Tuesday, June 23, 2020

Michelin India not eligible for Deduction of Expenses incurred for Sales Promotion in Indian Market: ITAT [Read Order]

In a setback to Michelin, world-renowned tires of cars, the Income Tax Appellate Tribunal (ITAT), Delhi has held that the Company is not eligible for a deduction of expenses incurred for sales promotion in the Indian market. The assessee is a trader in tires of the “Michelin” brand in India. The assessee claimed that it […]

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