https://www.taxtmi.com/caselaws?id=249715 The Tribunal allowed the appeal of the assessee, overturning the addition made by the Assessing Officer under sections 10B(7) and 80IA(10) for the assessment year 2008-09. The Tribunal found that the AO had not proven that the reimbursement for hired employees resulted in more than ordinary profits, emphasizing the lack of evidence showing the payment was below market value. Therefore, the Tribunal concluded that the lower authorities' decision to add the revenue was incorrect, setting aside the CIT(A)'s order and deleting the addition made by the AO. The appeal was decided in favor of the assessee on 7-8-2013. en-us Wed, 07 Aug 2013 00:00:00 +0530 Mon, 21 Jul 2014 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249715 The Tribunal allowed the appeal of the assessee, overturning the addition made by the Assessing Officer under sections 10B(7) and 80IA(10) for the assessment year 2008-09. The Tribunal found that the AO had not proven that the reimbursement for hired employees resulted in more than ordinary profits, emphasizing the lack of evidence showing the payment was below market value. Therefore, the Tribunal concluded that the lower authorities' decision to add the revenue was incorrect, setting aside the CIT(A)'s order and deleting the addition made by the AO. The appeal was decided in favor of the assessee on 7-8-2013. Case-Laws Income Tax Wed, 07 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249715