https://www.taxtmi.com/caselaws?id=242127 The Tribunal upheld the decisions of the CIT(Appeals) in both issues, ruling in favor of the assessee and dismissing the Revenue's appeal. The judgment clarified the application of relevant sections of the Income Tax Act and emphasized the need for proper assessment based on commercial expediency and contractual obligations in determining disallowances and additions to income. en-us Tue, 28 May 2013 00:00:00 +0530 Wed, 08 Jan 2014 08:25:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242127 The Tribunal upheld the decisions of the CIT(Appeals) in both issues, ruling in favor of the assessee and dismissing the Revenue's appeal. The judgment clarified the application of relevant sections of the Income Tax Act and emphasized the need for proper assessment based on commercial expediency and contractual obligations in determining disallowances and additions to income. Case-Laws Income Tax Tue, 28 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242127