https://www.taxtmi.com/caselaws?id=65778 The Appellate Tribunal upheld the decision of the Appellate Authority Commissioner (AAC) to delete the disallowance of commission payment made by the assessee to a relative under section 40A(2)(a) of the Income Tax Act. The Tribunal found that the commission rate paid to the relative was reasonable based on the loan amount and the risk involved, disagreeing with the revenue's contention of excessiveness. It noted inconsistencies in treatment compared to payments to another financier and directed the Income Tax Officer to allow the commission payment as per the agreement. The appeals by the revenue were dismissed. en-us Thu, 21 Apr 1983 00:00:00 +0530 Fri, 18 Feb 2011 16:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65778 The Appellate Tribunal upheld the decision of the Appellate Authority Commissioner (AAC) to delete the disallowance of commission payment made by the assessee to a relative under section 40A(2)(a) of the Income Tax Act. The Tribunal found that the commission rate paid to the relative was reasonable based on the loan amount and the risk involved, disagreeing with the revenue's contention of excessiveness. It noted inconsistencies in treatment compared to payments to another financier and directed the Income Tax Officer to allow the commission payment as per the agreement. The appeals by the revenue were dismissed. Case-Laws Income Tax Thu, 21 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65778