https://www.taxtmi.com/caselaws?id=349425 The Tribunal dismissed the department's appeals for assessment years 2010-11 and 2011-12, upholding the CIT(A)'s orders. The AO's disallowances lacked material evidence, while the assessee demonstrated commercial expediency and business purpose for the expenditures and transactions in question. The Tribunal found the adjustments made by the AO to be arbitrary and unwarranted, ultimately ruling in favor of the assessee. en-us Wed, 13 Sep 2017 00:00:00 +0530 Fri, 13 Oct 2017 09:25:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349425 The Tribunal dismissed the department's appeals for assessment years 2010-11 and 2011-12, upholding the CIT(A)'s orders. The AO's disallowances lacked material evidence, while the assessee demonstrated commercial expediency and business purpose for the expenditures and transactions in question. The Tribunal found the adjustments made by the AO to be arbitrary and unwarranted, ultimately ruling in favor of the assessee. Case-Laws Income Tax Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349425