https://www.taxtmi.com/caselaws?id=350981 The Court dismissed the Revenue's Appeal challenging the ITAT's decision to reverse the addition of excessive price support expenses brought to tax under the Income Tax Act. The ITAT found the Assessing Officer's method of averaging out expenditure unfounded and unsustainable, emphasizing the need for specific examination of each party receiving discounts. The Court agreed with the ITAT, stating that the method of averaging was illegal. Additionally, the Court upheld the Tribunal's decision on the disallowance under Section 40(a)(ia) based on consistency with previous orders. en-us Mon, 13 Nov 2017 00:00:00 +0530 Thu, 16 Nov 2017 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350981 The Court dismissed the Revenue's Appeal challenging the ITAT's decision to reverse the addition of excessive price support expenses brought to tax under the Income Tax Act. The ITAT found the Assessing Officer's method of averaging out expenditure unfounded and unsustainable, emphasizing the need for specific examination of each party receiving discounts. The Court agreed with the ITAT, stating that the method of averaging was illegal. Additionally, the Court upheld the Tribunal's decision on the disallowance under Section 40(a)(ia) based on consistency with previous orders. Case-Laws Income Tax Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350981