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    Facts: Advertising Associates Was Assessed: Wetsbsebg.R. No. L-59758 December 26, 1984

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    Advertising Associates was assessed additional taxes by the Commissioner of Internal Revenue. The company appealed to the Court of Appeals arguing that certain expenses should be allowed as deductions. The Supreme Court ruled in favor of the Commissioner and upheld the tax assessment, finding that the expenses were not ordinary and necessary business expenses according to tax laws and regulations.

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    Facts: Advertising Associates Was Assessed: Wetsbsebg.R. No. L-59758 December 26, 1984

    Uploaded by

    markpasco
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    Advertising Associates was assessed additional taxes by the Commissioner of Internal Revenue. The company appealed to the Court of Appeals arguing that certain expenses should be allowed as deductions. The Supreme Court ruled in favor of the Commissioner and upheld the tax assessment, finding that the expenses were not ordinary and necessary business expenses according to tax laws and regulations.

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    Advertising Associates was assessed additional taxes by the Commissioner of Internal Revenue. The company appealed to the Court of Appeals arguing that certain expenses should be allowed as deductions. The Supreme Court ruled in favor of the Commissioner and upheld the tax assessment, finding that the expenses were not ordinary and necessary business expenses according to tax laws and regulations.

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    © All Rights Reserved
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    6 views1 page

    Facts: Advertising Associates Was Assessed: Wetsbsebg.R. No. L-59758 December 26, 1984

    Uploaded by

    markpasco
    Advertising Associates was assessed additional taxes by the Commissioner of Internal Revenue. The company appealed to the Court of Appeals arguing that certain expenses should be allowed as deductions. The Supreme Court ruled in favor of the Commissioner and upheld the tax assessment, finding that the expenses were not ordinary and necessary business expenses according to tax laws and regulations.

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    © All Rights Reserved
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    of 1

    wetsbsebG.R. No.

    L-59758 December 26, 1984

    ADVERTISING ASSOCIATES, INC., petitioner,


    vs.
    COURT OF APPEALS and COMMISSIONER OF INTERNAL REVENUE, respondents.

    Facts: Advertising Associates was assessed

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