https://www.taxtmi.com/caselaws?id=118294 The Tribunal dismissed the revenue's appeals, upholding the CIT(A)'s decision in favor of the assessee regarding the application of section 92 of the Income-tax Act, 1961. It was determined that there was no evidence to show that the business dealings between the resident company and its non-resident parent company resulted in no profit or below-average profits, thus negating the need to invoke section 92. The Tribunal emphasized the reasonableness of the commission rates agreed upon and concluded that the Assessing Officer's decision to apply section 92 was unjustified. en-us Tue, 09 May 2006 00:00:00 +0530 Fri, 29 Jun 2012 17:07:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118294 The Tribunal dismissed the revenue's appeals, upholding the CIT(A)'s decision in favor of the assessee regarding the application of section 92 of the Income-tax Act, 1961. It was determined that there was no evidence to show that the business dealings between the resident company and its non-resident parent company resulted in no profit or below-average profits, thus negating the need to invoke section 92. The Tribunal emphasized the reasonableness of the commission rates agreed upon and concluded that the Assessing Officer's decision to apply section 92 was unjustified. Case-Laws Income Tax Tue, 09 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118294