https://www.taxtmi.com/caselaws?id=199262 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income Tax (Appeals) decision in favor of the assessee. The judgment emphasized the genuine commercial considerations behind the reduced sale prices and the necessity of the advance for project completion. The Tribunal found no evidence of sham transactions or tax evasion, concluding that the reduced sale prices were a legitimate commercial consideration for the advance received from related parties. en-us Mon, 26 Dec 2016 00:00:00 +0530 Sat, 24 Feb 2018 08:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199262 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income Tax (Appeals) decision in favor of the assessee. The judgment emphasized the genuine commercial considerations behind the reduced sale prices and the necessity of the advance for project completion. The Tribunal found no evidence of sham transactions or tax evasion, concluding that the reduced sale prices were a legitimate commercial consideration for the advance received from related parties. Case-Laws Income Tax Mon, 26 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199262