https://www.taxtmi.com/caselaws?id=249175 The CIT (A) ruled in favor of the private limited company, stating that the addition made by the Assessing Officer under section 69C of the Act was legally unsustainable. The Tribunal upheld this decision, emphasizing that the company had adequately explained the variance in payments to its sister concern, which did not indicate suppression of expenditure. As a result, both the appeal and Cross Objection were dismissed, affirming the CIT (A)'s order. en-us Fri, 13 Jun 2014 00:00:00 +0530 Mon, 07 Jul 2014 17:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249175 The CIT (A) ruled in favor of the private limited company, stating that the addition made by the Assessing Officer under section 69C of the Act was legally unsustainable. The Tribunal upheld this decision, emphasizing that the company had adequately explained the variance in payments to its sister concern, which did not indicate suppression of expenditure. As a result, both the appeal and Cross Objection were dismissed, affirming the CIT (A)'s order. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249175