https://www.taxtmi.com/caselaws?id=178894 The court upheld the Tribunal's decision, affirming that the applicant paid a higher price for styron for extra-commercial reasons. The court found that the purchase price was inflated, leading to deflated profits, justifying the application of the proviso to section 13 of the Indian Income-tax Act, 1922. The applicant failed to demonstrate commercial expediency in the expenditure, resulting in the order to pay the costs of the reference to the respondent. en-us Tue, 23 Apr 1963 00:00:00 +0530 Mon, 15 Feb 2016 18:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178894 The court upheld the Tribunal's decision, affirming that the applicant paid a higher price for styron for extra-commercial reasons. The court found that the purchase price was inflated, leading to deflated profits, justifying the application of the proviso to section 13 of the Indian Income-tax Act, 1922. The applicant failed to demonstrate commercial expediency in the expenditure, resulting in the order to pay the costs of the reference to the respondent. Case-Laws Income Tax Tue, 23 Apr 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178894