https://www.taxtmi.com/caselaws?id=396193 The Tribunal allowed the assessee's appeal regarding the disallowance of the management fee paid to its Associated Enterprise, emphasizing the business's prerogative to decide on such services. The Tribunal upheld the CIT(A)'s decision to delete the disallowance on account of impairment of stock, noting the consistent application of Accounting Standard-2. Additionally, the Tribunal supported the CIT(A)'s deletion of the addition made on account of AMP expenses, emphasizing the necessity of these expenses for the assessee's business operations. The Revenue's appeal was dismissed in its entirety. en-us Mon, 22 Jun 2020 00:00:00 +0530 Sat, 30 Jan 2021 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396193 The Tribunal allowed the assessee's appeal regarding the disallowance of the management fee paid to its Associated Enterprise, emphasizing the business's prerogative to decide on such services. The Tribunal upheld the CIT(A)'s decision to delete the disallowance on account of impairment of stock, noting the consistent application of Accounting Standard-2. Additionally, the Tribunal supported the CIT(A)'s deletion of the addition made on account of AMP expenses, emphasizing the necessity of these expenses for the assessee's business operations. The Revenue's appeal was dismissed in its entirety. Case-Laws Income Tax Mon, 22 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396193