https://www.taxtmi.com/caselaws?id=63752 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on various issues including surplus from wholesalers, local sale promotion expenses, advertisement materials in closing stock, accommodation expenses, repairs of business premises, and free distribution of cigarettes. The Tribunal emphasized adherence to accounting standards and the legitimacy of business expenditures, ultimately ruling in favor of the assessee based on contractual obligations and business practices. en-us Thu, 07 Oct 1993 00:00:00 +0530 Tue, 01 Feb 2011 16:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63752 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on various issues including surplus from wholesalers, local sale promotion expenses, advertisement materials in closing stock, accommodation expenses, repairs of business premises, and free distribution of cigarettes. The Tribunal emphasized adherence to accounting standards and the legitimacy of business expenditures, ultimately ruling in favor of the assessee based on contractual obligations and business practices. Case-Laws Income Tax Thu, 07 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63752