https://www.taxtmi.com/caselaws?id=394416 The revenue's appeal (ITA No. 3158/DEL/2016) was dismissed as the monetary limits for filing appeals were enhanced by CBDT Circular No. 17/2019, and the tax effect in the appeal fell below the specified limit. The assessee's appeal (ITA No. 2283/DEL/2016) was allowed, and the disallowance of business expenses amounting to Rs. 16,16,065/- was deleted. The tribunal recognized the necessity of such expenses for maintaining the corporate structure, following the precedent set in a similar case. en-us Wed, 29 Jan 2020 00:00:00 +0530 Sat, 11 Apr 2020 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394416 The revenue's appeal (ITA No. 3158/DEL/2016) was dismissed as the monetary limits for filing appeals were enhanced by CBDT Circular No. 17/2019, and the tax effect in the appeal fell below the specified limit. The assessee's appeal (ITA No. 2283/DEL/2016) was allowed, and the disallowance of business expenses amounting to Rs. 16,16,065/- was deleted. The tribunal recognized the necessity of such expenses for maintaining the corporate structure, following the precedent set in a similar case. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394416