https://www.taxtmi.com/caselaws?id=265026 The Tribunal allowed the appeal filed by the assessee, overturning the disallowance of Rs. 21,00,000 paid to C-1 India Pvt. Ltd. The Tribunal found the payment was made for legitimate business purposes, aiding management decisions and maximizing manpower utilization. It concluded that the expenditure qualified for deduction under section 37(1) as it was wholly and exclusively for business purposes. The Tribunal emphasized the extensive business activities of C-1 India and the documentary evidence provided by the appellant, leading to the deletion of the disallowance. en-us Fri, 05 Sep 2014 00:00:00 +0530 Mon, 05 Oct 2015 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265026 The Tribunal allowed the appeal filed by the assessee, overturning the disallowance of Rs. 21,00,000 paid to C-1 India Pvt. Ltd. The Tribunal found the payment was made for legitimate business purposes, aiding management decisions and maximizing manpower utilization. It concluded that the expenditure qualified for deduction under section 37(1) as it was wholly and exclusively for business purposes. The Tribunal emphasized the extensive business activities of C-1 India and the documentary evidence provided by the appellant, leading to the deletion of the disallowance. Case-Laws Income Tax Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265026