Expenditure incurred on Leased Property to produce Right Ambience to Attract Customers is Allowable: ITAT [Read Order]

Expenditure - Leased Property - Right Ambience - Attract Customers - Customers - ITAT - Taxscan

The Income Tax Appellate Tribunal, Chennai bench has held that the amount of expenses incurred on a leased property in order to produce the right ambience to attract customers shall be allowable as the same would amount to revenue exependiture. The assessee a firm, engaged as retailer of silk goods. It incurred expenses in the…

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