https://www.taxtmi.com/caselaws?id=213742 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs 1,28,45,058, concluding that the payments to Alia Transportation and General Trading Co. were legitimate business expenses made for bonafide purposes under the Oil for Food Program, and were not hit by Explanation to Section 37(1) of the Income Tax Act. The appeal was dismissed. en-us Thu, 31 May 2012 00:00:00 +0530 Fri, 24 May 2013 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213742 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs 1,28,45,058, concluding that the payments to Alia Transportation and General Trading Co. were legitimate business expenses made for bonafide purposes under the Oil for Food Program, and were not hit by Explanation to Section 37(1) of the Income Tax Act. The appeal was dismissed. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213742