https://www.taxtmi.com/caselaws?id=424284 The court dismissed the Revenue's appeals, upholding the Tribunal's decisions. The appellate authorities found no evidence to support taxing the MILIEV grant transferred to another company, denied the offset credit addition due to lack of proof, and allowed electricity charges deduction paid to Wescare as legitimate business expenses. The court concluded that the transactions were genuine, with no violation of public policy, leading to the dismissal of the appeals. en-us Thu, 09 Jun 2022 00:00:00 +0530 Mon, 19 Jun 2023 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424284 The court dismissed the Revenue's appeals, upholding the Tribunal's decisions. The appellate authorities found no evidence to support taxing the MILIEV grant transferred to another company, denied the offset credit addition due to lack of proof, and allowed electricity charges deduction paid to Wescare as legitimate business expenses. The court concluded that the transactions were genuine, with no violation of public policy, leading to the dismissal of the appeals. Case-Laws Income Tax Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424284