https://www.taxtmi.com/caselaws?id=355293 The Tribunal upheld the decision of the First Appellate Authority, allowing the claimed business expenditure of Rs. 6,50,50,000. The payments were deemed necessary to protect the business interests of the assessee and safeguard against potential losses. The Revenue's appeal was dismissed, affirming the First Appellate Authority's order. en-us Wed, 27 Dec 2017 00:00:00 +0530 Tue, 13 Feb 2018 06:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355293 The Tribunal upheld the decision of the First Appellate Authority, allowing the claimed business expenditure of Rs. 6,50,50,000. The payments were deemed necessary to protect the business interests of the assessee and safeguard against potential losses. The Revenue's appeal was dismissed, affirming the First Appellate Authority's order. Case-Laws Income Tax Wed, 27 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355293