https://www.taxtmi.com/caselaws?id=151694 The Tribunal determined that commission income accrues upon receipt from clients, overturning lower authorities' decisions and directing the AO to recompute income. Payments within the grace period under s. 43B are allowable, prompting a remand for verification. Advertisement expenses were deemed business-related, removing disallowance. Bad debts and motor car depreciation issues were remanded for fresh adjudication and verification, respectively. Deduction under s. 80HHC was admitted, requiring AO verification. A dissenting opinion on commission income and advertisement expenses was resolved by a Third Member, aligning with the Judicial Member's perspective. en-us Thu, 13 Jul 2006 00:00:00 +0530 Thu, 23 May 2024 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151694 The Tribunal determined that commission income accrues upon receipt from clients, overturning lower authorities' decisions and directing the AO to recompute income. Payments within the grace period under s. 43B are allowable, prompting a remand for verification. Advertisement expenses were deemed business-related, removing disallowance. Bad debts and motor car depreciation issues were remanded for fresh adjudication and verification, respectively. Deduction under s. 80HHC was admitted, requiring AO verification. A dissenting opinion on commission income and advertisement expenses was resolved by a Third Member, aligning with the Judicial Member's perspective. Case-Laws Income Tax Thu, 13 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151694