https://www.taxtmi.com/caselaws?id=3141 The High Court upheld the Tribunal's decision to grant full relief to the assessee in a case involving the assessment of business expenditure claimed as discount, breakage, leakage, and burst of bottles. The Court emphasized that the Revenue cannot substitute its opinion for that of the assessee regarding the quantum of expenditure. It ruled that the Commissioner of Income Tax (Appeals) exceeded its authority by determining the appropriate expenditure towards discount, and dismissed the Revenue's appeal, finding no substantial question of law for consideration. en-us Mon, 31 Jul 2006 00:00:00 +0530 Sun, 06 Feb 2011 02:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3141 The High Court upheld the Tribunal's decision to grant full relief to the assessee in a case involving the assessment of business expenditure claimed as discount, breakage, leakage, and burst of bottles. The Court emphasized that the Revenue cannot substitute its opinion for that of the assessee regarding the quantum of expenditure. It ruled that the Commissioner of Income Tax (Appeals) exceeded its authority by determining the appropriate expenditure towards discount, and dismissed the Revenue's appeal, finding no substantial question of law for consideration. Case-Laws Income Tax Mon, 31 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3141