https://www.taxtmi.com/caselaws?id=188225 The Court ruled in favor of the assessee, concluding that the expenses in question should be classified as Sale Promotion expenses under section 37(3A) of the Income-tax Act, 1961. Additionally, the Court held that section 92 did not apply to the transaction between the resident and non-resident companies regarding the sale of machinery, as it was deemed a capital contribution rather than a business deal for profit. Therefore, the Court upheld the Tribunal's decision, stating that section 92 was not relevant in this case, ultimately ruling in favor of the assessee. en-us Mon, 05 Nov 1990 00:00:00 +0530 Tue, 22 Nov 2016 12:24:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188225 The Court ruled in favor of the assessee, concluding that the expenses in question should be classified as Sale Promotion expenses under section 37(3A) of the Income-tax Act, 1961. Additionally, the Court held that section 92 did not apply to the transaction between the resident and non-resident companies regarding the sale of machinery, as it was deemed a capital contribution rather than a business deal for profit. Therefore, the Court upheld the Tribunal's decision, stating that section 92 was not relevant in this case, ultimately ruling in favor of the assessee. Case-Laws Income Tax Mon, 05 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188225