PCIT rightly invoked revision u/s. 263 as trade scheme payment not verified accurately

Permod Ricard India Pvt. Ltd Vs PCIT (ITAT Delhi)

ITAT Delhi held that trade scheme payment to sales promoters whether pure reimbursement or not needs proper verification and since AO granted relief without proper verification and application of mind, PCIT rightly invoked revisionary proceedings u/s. 263.

Facts- Post original assessment, PCIT observed that treatment of service agreements with the sales promoters and passing of explicit trade scheme are reimbursement proceedings shows a principal and agent relationship rather than pure reimbursement. In the

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