https://www.taxtmi.com/caselaws?id=346232 The Tribunal held that the shared service costs were genuinely incurred for business purposes, allowing them as a business expenditure. The Tribunal's decision was based on the reasonable interpretation of the agreement clauses regarding reimbursement to the Holding Company. The Assessing Officer was directed to verify TDS deductions by the Holding Company, with no disallowance if TDS was deducted. The appeal was dismissed without costs, emphasizing the need to substantiate expenses and consider business context for expense deductions. en-us Mon, 31 Jul 2017 00:00:00 +0530 Mon, 07 Aug 2017 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346232 The Tribunal held that the shared service costs were genuinely incurred for business purposes, allowing them as a business expenditure. The Tribunal's decision was based on the reasonable interpretation of the agreement clauses regarding reimbursement to the Holding Company. The Assessing Officer was directed to verify TDS deductions by the Holding Company, with no disallowance if TDS was deducted. The appeal was dismissed without costs, emphasizing the need to substantiate expenses and consider business context for expense deductions. Case-Laws Income Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346232