https://www.taxtmi.com/caselaws?id=215119 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) (CIT(A)) decisions in two issues. Firstly, the disallowance of commission paid to directors was deemed valid under Section 36(1)(ii) of the Income Tax Act, as the payments were found to be related to business performance and growth. Secondly, the ITAT ruled that the reopening of the assessment under Section 147 by the Revenue was not valid, as there was no failure to disclose material facts by the assessee. The ITAT dismissed the Revenue's appeals and the assessee's cross-objection as infructuous. en-us Fri, 25 May 2012 00:00:00 +0530 Thu, 14 Apr 2016 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215119 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) (CIT(A)) decisions in two issues. Firstly, the disallowance of commission paid to directors was deemed valid under Section 36(1)(ii) of the Income Tax Act, as the payments were found to be related to business performance and growth. Secondly, the ITAT ruled that the reopening of the assessment under Section 147 by the Revenue was not valid, as there was no failure to disclose material facts by the assessee. The ITAT dismissed the Revenue's appeals and the assessee's cross-objection as infructuous. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215119