https://www.taxtmi.com/caselaws?id=221995 The High Court upheld the decision of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal, Chandigarh, in deleting the addition of Rs.60,72,118 made by the Assessing Officer on account of sales to sister concerns at lower rates. The Court found that the Assessing Officer's decision was not supported by evidence of any payment for claimed expenditures, and selling goods at lower prices to sister concerns did not violate tax laws. Therefore, the appeal was dismissed, emphasizing the taxpayer's right to manage affairs to reduce tax liability within legal boundaries. en-us Tue, 02 Apr 2013 00:00:00 +0530 Tue, 09 Apr 2013 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221995 The High Court upheld the decision of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal, Chandigarh, in deleting the addition of Rs.60,72,118 made by the Assessing Officer on account of sales to sister concerns at lower rates. The Court found that the Assessing Officer's decision was not supported by evidence of any payment for claimed expenditures, and selling goods at lower prices to sister concerns did not violate tax laws. Therefore, the appeal was dismissed, emphasizing the taxpayer's right to manage affairs to reduce tax liability within legal boundaries. Case-Laws Income Tax Tue, 02 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221995