ITAT Deletes ₹1.13 Crore Business Promotion Disallowance Due to Lack of Adverse Findings

ACIT Vs Sharmanji Yarns Pvt. Ltd. (ITAT Chandigarh) Ad Hoc Disallowance of ₹3.03 Crore General Expenses Deleted Because AO Failed to Identify Defects; ITAT Allows Business Promotion Expenses for Dealer Meet Since Expenses Were Properly Documented; Commission Expenses Allowed Because Payments Were Through Banking Channels and Supported by TDS Compliance; ITAT Rejects Revenue Appeal on Business Promotion Expenses Incurred for Sales Expansion Activities; Mere Increase in Expenses Cannot Justify Disallowance Without Evidence, Rules ITAT Chandigarh; ITAT Deletes Addition on Business Conference Ex...