https://www.taxtmi.com/caselaws?id=59846 The Tribunal dismissed the appeal and affirmed the Commissioner's decision to delete the addition of Rs. 7,39,528 under section 92 of the Income-tax Act, 1961. The Tribunal held that the transaction involving the export of machinery was for capital contribution, not for profit, as approved by the government authorities. Therefore, the addition made by the Income Tax Officer was deemed unjustified, and the Tribunal concluded that section 92 was incorrectly invoked in this case. en-us Fri, 25 Nov 1983 00:00:00 +0530 Sat, 01 Jan 2011 14:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59846 The Tribunal dismissed the appeal and affirmed the Commissioner's decision to delete the addition of Rs. 7,39,528 under section 92 of the Income-tax Act, 1961. The Tribunal held that the transaction involving the export of machinery was for capital contribution, not for profit, as approved by the government authorities. Therefore, the addition made by the Income Tax Officer was deemed unjustified, and the Tribunal concluded that section 92 was incorrectly invoked in this case. Case-Laws Income Tax Fri, 25 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59846