https://www.taxtmi.com/caselaws?id=314119 The ITAT dismissed the Revenue's appeal for the assessment year 2006-07, upholding the CIT(A)'s decision. The CIT(A) deleted the addition for managerial services, ruling them as commercial and not taxable under Section 195. The disallowance of traveling and vehicle maintenance expenses was also deleted, as the Assessee had paid Fringe Benefit Tax, and the expenses were for business purposes. Consequently, the Revenue's appeal was dismissed, and the additions by the assessing officer were overturned. en-us Fri, 13 May 2011 00:00:00 +0530 Sat, 18 May 2024 12:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314119 The ITAT dismissed the Revenue's appeal for the assessment year 2006-07, upholding the CIT(A)'s decision. The CIT(A) deleted the addition for managerial services, ruling them as commercial and not taxable under Section 195. The disallowance of traveling and vehicle maintenance expenses was also deleted, as the Assessee had paid Fringe Benefit Tax, and the expenses were for business purposes. Consequently, the Revenue's appeal was dismissed, and the additions by the assessing officer were overturned. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314119