https://www.taxtmi.com/caselaws?id=356171 The ITAT upheld the deletion of disallowances on marketing and distribution expenses and legal and professional fees for AY 2010-11 and AY 2011-12. The appeals by the revenue were dismissed, while the assessee's appeal for AY 2011-12 was allowed. The ITAT found the expenses to be genuine and allowable under the Income Tax Act, noting that the entities involved were subsidiaries with no inter-se shareholding. The decision was based on compliance with SEBI regulations and business decisions within the framework set forth. en-us Wed, 21 Feb 2018 00:00:00 +0530 Mon, 26 Feb 2018 08:30:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356171 The ITAT upheld the deletion of disallowances on marketing and distribution expenses and legal and professional fees for AY 2010-11 and AY 2011-12. The appeals by the revenue were dismissed, while the assessee's appeal for AY 2011-12 was allowed. The ITAT found the expenses to be genuine and allowable under the Income Tax Act, noting that the entities involved were subsidiaries with no inter-se shareholding. The decision was based on compliance with SEBI regulations and business decisions within the framework set forth. Case-Laws Income Tax Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356171