https://www.taxtmi.com/caselaws?id=70358 The Tribunal allowed the appeals, directing the ITO to reevaluate the deduction claimed by the assessee and determine the correct treatment of commission income as either net income after deducting expenses or as salary under 'Salaries'. Emphasizing the importance of adhering to the time limit for disposal of applications under section 146 of the Income-tax Act, the Tribunal highlighted that failure to pass an order within the prescribed period could lead to the cancellation of the assessment order, necessitating a fresh assessment to ensure a fair process. en-us Fri, 28 Oct 1983 00:00:00 +0530 Fri, 15 Apr 2011 17:26:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70358 The Tribunal allowed the appeals, directing the ITO to reevaluate the deduction claimed by the assessee and determine the correct treatment of commission income as either net income after deducting expenses or as salary under 'Salaries'. Emphasizing the importance of adhering to the time limit for disposal of applications under section 146 of the Income-tax Act, the Tribunal highlighted that failure to pass an order within the prescribed period could lead to the cancellation of the assessment order, necessitating a fresh assessment to ensure a fair process. Case-Laws Income Tax Fri, 28 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70358