https://www.taxtmi.com/caselaws?id=217780 The Tribunal upheld the Commissioner of Income Tax (A)'s decision to delete the additions made by the Assessing Officer regarding the sale of raw material and packing material by the assessee company to its holding company at cost price. The Tribunal found that the actions of the assessee were based on commercial expediency due to shelving the plan to launch a new product, and therefore, the provisions cited by the Assessing Officer were not applicable. The Tribunal dismissed the Revenue's appeal, affirming the deletion of the additions made by the Assessing Officer. en-us Fri, 12 Oct 2012 00:00:00 +0530 Tue, 23 Oct 2012 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217780 The Tribunal upheld the Commissioner of Income Tax (A)'s decision to delete the additions made by the Assessing Officer regarding the sale of raw material and packing material by the assessee company to its holding company at cost price. The Tribunal found that the actions of the assessee were based on commercial expediency due to shelving the plan to launch a new product, and therefore, the provisions cited by the Assessing Officer were not applicable. The Tribunal dismissed the Revenue's appeal, affirming the deletion of the additions made by the Assessing Officer. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217780