https://www.taxtmi.com/caselaws?id=258224 The High Court upheld the decision of the Income Tax Appellate Tribunal regarding the assessment year 2008-09. The Court found the rejection of business expenditure claimed by the assessee under section 145(3) of the Income Tax Act to be erroneous. It disagreed with the revenue's argument and emphasized that challenging factual conclusions without perversity is impermissible. The Court dismissed the appeal, stating that as long as the Tribunal's decision is plausible, re-evaluation is not allowed. No costs were awarded in the case. en-us Tue, 17 Mar 2015 00:00:00 +0530 Thu, 02 Apr 2015 22:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258224 The High Court upheld the decision of the Income Tax Appellate Tribunal regarding the assessment year 2008-09. The Court found the rejection of business expenditure claimed by the assessee under section 145(3) of the Income Tax Act to be erroneous. It disagreed with the revenue's argument and emphasized that challenging factual conclusions without perversity is impermissible. The Court dismissed the appeal, stating that as long as the Tribunal's decision is plausible, re-evaluation is not allowed. No costs were awarded in the case. Case-Laws Income Tax Tue, 17 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258224