https://www.taxtmi.com/caselaws?id=209418 The appeal was partly allowed, with the Tribunal restricting the disallowance of expenses claimed for earning commission income to 10% of the total expenses. The Tribunal acknowledged the necessity of some disallowance but criticized the Assessing Officer's arbitrary decision to disallow 50% of the expenses without proper perspective or precedent. Despite the lack of detailed accounts, the Tribunal recognized that the expenses were incurred and considered the consistency in expenses and commission income in previous and subsequent years. The decision aimed to ensure fairness and justice in the assessment process. en-us Fri, 21 Jan 2011 00:00:00 +0530 Fri, 19 Jul 2013 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209418 The appeal was partly allowed, with the Tribunal restricting the disallowance of expenses claimed for earning commission income to 10% of the total expenses. The Tribunal acknowledged the necessity of some disallowance but criticized the Assessing Officer's arbitrary decision to disallow 50% of the expenses without proper perspective or precedent. Despite the lack of detailed accounts, the Tribunal recognized that the expenses were incurred and considered the consistency in expenses and commission income in previous and subsequent years. The decision aimed to ensure fairness and justice in the assessment process. Case-Laws Income Tax Fri, 21 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209418