https://www.taxtmi.com/caselaws?id=191517 The Tribunal upheld the CIT(A)'s decisions regarding the disallowance of gift, boni & chandla expenses and defect liability provision for assessment years 2005-06 and 2006-07. The Revenue's appeals were dismissed as the expenses were found genuine, paid through proper channels, and the provision was deemed reasonable and scientifically calculated. The Tribunal rejected the Revenue's arguments against the CIT(A)'s findings, affirming the allowability of the expenses and provision under section 37 of the Income Tax Act. The judgments were issued on September 8, 2016, by the Appellate Tribunal ITAT Ahmedabad. en-us Thu, 08 Sep 2016 00:00:00 +0530 Thu, 06 Apr 2017 10:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191517 The Tribunal upheld the CIT(A)'s decisions regarding the disallowance of gift, boni & chandla expenses and defect liability provision for assessment years 2005-06 and 2006-07. The Revenue's appeals were dismissed as the expenses were found genuine, paid through proper channels, and the provision was deemed reasonable and scientifically calculated. The Tribunal rejected the Revenue's arguments against the CIT(A)'s findings, affirming the allowability of the expenses and provision under section 37 of the Income Tax Act. The judgments were issued on September 8, 2016, by the Appellate Tribunal ITAT Ahmedabad. Case-Laws Income Tax Thu, 08 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191517