https://www.taxtmi.com/caselaws?id=431452 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of Rs. 13,90,612 related to expenditure for the assessment year 2011-12. The Tribunal found the expenditure legitimate, incurred for business purposes, and not disallowed under Section 37(1) of the Income Tax Act. As the expenditure was revenue-neutral and additional tax had already been paid in 2009-10, there was no loss to the Revenue. The CIT(A)'s decision was upheld, and the Revenue's appeal was dismissed on 2nd August 2022. en-us Tue, 02 Aug 2022 00:00:00 +0530 Wed, 14 Dec 2022 09:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431452 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of Rs. 13,90,612 related to expenditure for the assessment year 2011-12. The Tribunal found the expenditure legitimate, incurred for business purposes, and not disallowed under Section 37(1) of the Income Tax Act. As the expenditure was revenue-neutral and additional tax had already been paid in 2009-10, there was no loss to the Revenue. The CIT(A)'s decision was upheld, and the Revenue's appeal was dismissed on 2nd August 2022. Case-Laws Income Tax Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431452