https://www.taxtmi.com/caselaws?id=66506 The Tribunal upheld the reopening of the assessment under Section 147(b) and confirmed the disallowance of secret commission payments as bogus and against public policy. The disallowance of bonus paid to directors was remanded for further examination. Printing and stationery expenses disallowance was confirmed and added to the larger disallowance amount. The deficit cash balance addition was also included in the larger disallowance. The appeal was partly allowed. en-us Fri, 29 Apr 1988 00:00:00 +0530 Sat, 26 Feb 2011 12:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66506 The Tribunal upheld the reopening of the assessment under Section 147(b) and confirmed the disallowance of secret commission payments as bogus and against public policy. The disallowance of bonus paid to directors was remanded for further examination. Printing and stationery expenses disallowance was confirmed and added to the larger disallowance amount. The deficit cash balance addition was also included in the larger disallowance. The appeal was partly allowed. Case-Laws Income Tax Fri, 29 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66506