https://www.taxtmi.com/caselaws?id=280574 The Tribunal upheld the CIT(Appeals) decision to delete the disallowance of expenditure on "speed money" by the Assessing Officer for the A.Y. 2010-11. Relying on previous Tribunal decisions and a High Court judgment, the Tribunal emphasized the business necessity and ordinary course of such payments, aligning with trade practices. The Tribunal dismissed the revenue's appeal, confirming the legitimacy and business purpose of the payments, ultimately ruling in favor of the assessee. en-us Fri, 08 May 2015 00:00:00 +0530 Sat, 11 May 2019 07:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280574 The Tribunal upheld the CIT(Appeals) decision to delete the disallowance of expenditure on "speed money" by the Assessing Officer for the A.Y. 2010-11. Relying on previous Tribunal decisions and a High Court judgment, the Tribunal emphasized the business necessity and ordinary course of such payments, aligning with trade practices. The Tribunal dismissed the revenue's appeal, confirming the legitimacy and business purpose of the payments, ultimately ruling in favor of the assessee. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280574