https://www.taxtmi.com/caselaws?id=329938 The Tribunal upheld the decision of the CIT(A) and dismissed the appeal, concluding that the claimed business promotion expenses of Rs. 1,50,00,000 lacked merit. The Tribunal found the expenditure unsubstantiated and deemed it an attempt to artificially reduce taxable profits. The transactions between the assessee and NPDPL were considered questionable, resembling accommodations between sister concerns, with no justification for the significant expenditure given the lack of substantial progress in the project. The order was pronounced on 06th July, 2016. en-us Wed, 06 Jul 2016 00:00:00 +0530 Wed, 13 Jul 2016 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329938 The Tribunal upheld the decision of the CIT(A) and dismissed the appeal, concluding that the claimed business promotion expenses of Rs. 1,50,00,000 lacked merit. The Tribunal found the expenditure unsubstantiated and deemed it an attempt to artificially reduce taxable profits. The transactions between the assessee and NPDPL were considered questionable, resembling accommodations between sister concerns, with no justification for the significant expenditure given the lack of substantial progress in the project. The order was pronounced on 06th July, 2016. Case-Laws Income Tax Wed, 06 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329938