https://www.taxtmi.com/caselaws?id=118887 The Tribunal upheld the disallowance of various commission payments and extra commercial considerations claimed by the assessee as business expenditures. The Assessing Officer's decision to delete these payments was supported due to the lack of evidence demonstrating the necessity or legitimacy of the payments, ultimately leading to their disallowance. The Tribunal emphasized the importance of proving the business purpose and lawful nature of expenditures, citing judicial precedents and the provisions of section 37(1) of the Act in rejecting the deductions for payments opposed to public policy. en-us Mon, 22 Aug 2005 00:00:00 +0530 Fri, 06 Jul 2012 14:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118887 The Tribunal upheld the disallowance of various commission payments and extra commercial considerations claimed by the assessee as business expenditures. The Assessing Officer's decision to delete these payments was supported due to the lack of evidence demonstrating the necessity or legitimacy of the payments, ultimately leading to their disallowance. The Tribunal emphasized the importance of proving the business purpose and lawful nature of expenditures, citing judicial precedents and the provisions of section 37(1) of the Act in rejecting the deductions for payments opposed to public policy. Case-Laws Income Tax Mon, 22 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118887