I would say at this time the conclusive and definite answer is there is code that deals with promotion but it was never pursued beyond that and never activly made it to the game. In other words, it's dead-end code.
There is only one message that mentions it and that is a full copy of the one in SP2 and has now been re-written to mention what can happen.........gaining experience, rather than what does not ( units promoted )
Quote:
Your force has been ordered to stop an enemy counter attack. Use every means
available to keep the objective areas. Your commanders will be unable to
supply much support or allow you time to rebuild your force. Victory in a
battle like this will improve your chance to increase your leaders experience rating.
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You are the first and only person to point out that inconsistency in the 20+ years we've been doing this