https://www.taxtmi.com/caselaws?id=208470 Export invoices realised only at the net amount, with no separate commission payment to the foreign agent, were treated as not giving rise to any additional taxable income; the invoice-wise deduction was therefore held not to warrant disallowance. By contrast, an ad hoc disallowance of part of the expense claim was sustained where the assessee failed to produce books or credible corroboration for the asserted loss of records, such as contemporaneous supporting material. The document reflects partial relief for the assessee on the commission issue and rejection of the unsupported expense claim. en-us Thu, 20 Oct 2011 00:00:00 +0530 Tue, 17 Jan 2012 09:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208470 Export invoices realised only at the net amount, with no separate commission payment to the foreign agent, were treated as not giving rise to any additional taxable income; the invoice-wise deduction was therefore held not to warrant disallowance. By contrast, an ad hoc disallowance of part of the expense claim was sustained where the assessee failed to produce books or credible corroboration for the asserted loss of records, such as contemporaneous supporting material. The document reflects partial relief for the assessee on the commission issue and rejection of the unsupported expense claim. Case-Laws Income Tax Thu, 20 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208470