https://www.taxtmi.com/caselaws?id=65576 The appeal was partly allowed, with certain grounds remanded to the Assessing Officer for fresh examination. The Tribunal upheld the disallowance of commission paid to selling agents due to lack of evidence of services rendered. It also dismissed the disallowance of various expenses, finding them not falling under the purview of additional income noticed during reassessment. The Tribunal allowed the assessee's appeal regarding the addition on account of differences between balances of various parties, as the nature of the differences was unclear. The Tribunal clarified that assessed losses of earlier years are not relevant in the reassessment of the current year's income. en-us Thu, 31 Jan 2008 00:00:00 +0530 Fri, 31 May 2013 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65576 The appeal was partly allowed, with certain grounds remanded to the Assessing Officer for fresh examination. The Tribunal upheld the disallowance of commission paid to selling agents due to lack of evidence of services rendered. It also dismissed the disallowance of various expenses, finding them not falling under the purview of additional income noticed during reassessment. The Tribunal allowed the assessee's appeal regarding the addition on account of differences between balances of various parties, as the nature of the differences was unclear. The Tribunal clarified that assessed losses of earlier years are not relevant in the reassessment of the current year's income. Case-Laws Income Tax Thu, 31 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65576