https://www.taxtmi.com/caselaws?id=212410 The High Court upheld the ITAT's decision to delete the addition of Rs. 7,09,57,404, emphasizing the commercial nature of the expenditure approved by the board of directors. The court dismissed the Revenue's appeal, stating that the expenditure was justified for the relevant assessment year based on the available evidence and the board's decision. en-us Mon, 14 Nov 2011 00:00:00 +0530 Tue, 22 May 2012 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212410 The High Court upheld the ITAT's decision to delete the addition of Rs. 7,09,57,404, emphasizing the commercial nature of the expenditure approved by the board of directors. The court dismissed the Revenue's appeal, stating that the expenditure was justified for the relevant assessment year based on the available evidence and the board's decision. Case-Laws Income Tax Mon, 14 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212410