https://www.taxtmi.com/caselaws?id=215410 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions to delete the disallowances concerning sales promotion expenses and interest. The Tribunal upheld that the expenses were for business expediency, and there was no direct nexus between the borrowed funds and advances given to the sister concern. The judgment highlighted the importance of commercial expediency and proper examination of evidence provided by the assessee. en-us Fri, 22 Jun 2012 00:00:00 +0530 Fri, 03 Aug 2012 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215410 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions to delete the disallowances concerning sales promotion expenses and interest. The Tribunal upheld that the expenses were for business expediency, and there was no direct nexus between the borrowed funds and advances given to the sister concern. The judgment highlighted the importance of commercial expediency and proper examination of evidence provided by the assessee. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215410