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2001 (6) TMI 6

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.... reads thus: "Where the assessee incurs any expenditure in respect of which payment has been or is to be made to any person referred to in clause (b) of this sub-section, and the Assessing Officer is of opinion that such expenditure is excessive or unreasonable having regard to the fair market value of the goods, services or facilities for which the payment is made or the legitimate needs of the ....

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....that another company to which it sold gripe-water had bought it at the increased price, and the price at which Tamil Nadu Printers sold the item could not be regarded as unduly high. That finding of the Commissioner was affirmed by the Tribunal which went in detail into all the relevant facts. The question raised is essentially a question of fact. The Commissioner, as also the Tribunal have as....