https://www.taxtmi.com/caselaws?id=289486 The tribunal ruled in favor of the assessee, overturning the lower authorities' decisions regarding the disallowance of SAR-related expenses. It directed the AO to allow the deductions, recognizing the differential amounts as revenue expenditures under section 37(1) of the Income Tax Act, 1961. The tribunal emphasized the expenses' revenue nature and cited precedents supporting their deductibility. en-us Mon, 09 Oct 2017 00:00:00 +0530 Thu, 14 Nov 2024 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289486 The tribunal ruled in favor of the assessee, overturning the lower authorities' decisions regarding the disallowance of SAR-related expenses. It directed the AO to allow the deductions, recognizing the differential amounts as revenue expenditures under section 37(1) of the Income Tax Act, 1961. The tribunal emphasized the expenses' revenue nature and cited precedents supporting their deductibility. Case-Laws Income Tax Mon, 09 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289486