https://www.taxtmi.com/caselaws?id=377437 The Tribunal allowed the appeal, holding that the entire expenditure on Management Fees is deductible. The Tribunal emphasized that the business decisions of the assessee regarding services from its holding company should not be questioned. The disallowance of Rs. 2,62,24,684/- was overturned, as the expenses were found to be incurred wholly and exclusively for business purposes. en-us Mon, 25 Mar 2019 00:00:00 +0530 Fri, 29 Mar 2019 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377437 The Tribunal allowed the appeal, holding that the entire expenditure on Management Fees is deductible. The Tribunal emphasized that the business decisions of the assessee regarding services from its holding company should not be questioned. The disallowance of Rs. 2,62,24,684/- was overturned, as the expenses were found to be incurred wholly and exclusively for business purposes. Case-Laws Income Tax Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377437