https://www.taxtmi.com/caselaws?id=218400 The Tribunal allowed the appeal, setting aside the CIT(A)'s order disallowing commission expenses under section 37(1) of the Act. The Tribunal directed the AO to permit the deduction of introductory commissions, ensuring compliance with prescribed limits per relevant bye-laws and regulations. The decision emphasized fair assessment based on applicable regulations, aligning with precedent and remanding the issue for reassessment by the AO to determine permissibility of expenses within regulated limits. en-us Fri, 05 Oct 2012 00:00:00 +0530 Thu, 15 Nov 2012 09:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218400 The Tribunal allowed the appeal, setting aside the CIT(A)'s order disallowing commission expenses under section 37(1) of the Act. The Tribunal directed the AO to permit the deduction of introductory commissions, ensuring compliance with prescribed limits per relevant bye-laws and regulations. The decision emphasized fair assessment based on applicable regulations, aligning with precedent and remanding the issue for reassessment by the AO to determine permissibility of expenses within regulated limits. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218400