https://www.taxtmi.com/caselaws?id=213947 The Tribunal allowed the assessee's appeals for the assessment years 2005-06 and 2007-08, upholding the allowability of the commission paid to the Managing Director under section 36(1)(ii) of the Income-tax Act, 1961. The Tribunal also affirmed the allowance of depreciation at 60% on computer peripherals. However, the issue of the deletion of Rs. 20,06,234 from miscellaneous expenses for the assessment year 2006-07 was remanded back to the Assessing Officer for re-adjudication, emphasizing the need for a fair opportunity for the assessee to justify the expenses. en-us Fri, 25 May 2012 00:00:00 +0530 Wed, 13 Jun 2012 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213947 The Tribunal allowed the assessee's appeals for the assessment years 2005-06 and 2007-08, upholding the allowability of the commission paid to the Managing Director under section 36(1)(ii) of the Income-tax Act, 1961. The Tribunal also affirmed the allowance of depreciation at 60% on computer peripherals. However, the issue of the deletion of Rs. 20,06,234 from miscellaneous expenses for the assessment year 2006-07 was remanded back to the Assessing Officer for re-adjudication, emphasizing the need for a fair opportunity for the assessee to justify the expenses. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213947